3252 Panama Ave Carmichael, CA 95608

This exceptional investment opportunity presents two adjacent lots totaling 0.71 acres in desirable Carmichael, CA (95608), located at 3252 Panama Ave. The property includes two parcels (APN 273-0301-019-0000 and 273-0301-018-0000), offering significant development potential. One lot is 0.36 acres, zoned SPA Residential - Vacant Land, while the adjacent lot is also vacant residential land. Both lots boast a large, flat terrain, on-site utilities, and a private driveway. The location offers proximity to the prestigious IB School system, Riverside Golf Course, and Ancil Hoffman Nature Center, all within less than two miles. The area is characterized by established improved properties and a high density of single-family homes, presenting a strong investment opportunity. There are no HOA or Mello Roos fees. The Special Planning Area (SPA) zoning allows for a range of uses beyond standard residential, potentially including multi-family units, subject to Sacramento County Planning & Permit Department approval. According to Sacramento County, one parcel (3244 Panama Ave) is part of the Fair Oaks Boulevard Main Street Special Planning Area (SPA) and the Carmichael Colony Neighborhood Preservation Area (NPA), with a Residential Mixed Use designation allowing for a minimum density of 20 dwelling units per acre and a maximum density of 50 dwelling units per acre. The minimum density at this location is 7 units and the maximum density is 17 units. This presents a unique opportunity to capitalize on the growing demand in this sought-after community. Further details on permitted uses should be confirmed with the Sacramento Planning & Permit Department.