3244 Panama Avenue

Carmichael, CA 95608

Infill Development Opportunity on TWO parcels designated as SPA Residential Mixed Use! Build up to 34 Units across both of these two Panama Ave lots in the Carmichael Colony Community. 3244 Panama Ave features a 0.35 AC lot with a beautifully gated entryway, a paved driveway, TWO slab concrete foundations, access to utilities, SPA Zoning, a high allowable building density, & a great location. Seller is willing to throw in the approved PLANS for a full remodel 3-bed, 2-bath, 1,700 SQFT on 3244 Panama Ave. Seller used to have a second unit guest house behind the main house but now it remains as a vacant slab foundation. This slab foundation has visual signs of access to utilities. Its noted that the guest house had functioning utilities prior to being torn down. Located adjacently is 3252 Panama Ave, a vacant land lot extending the total size of both lots to approx. 30,863 square feet (0.71 acres). Welcome to an established neighborhood offering SPA Zoning with flexible land uses for mixed use opportunities. Including but not limited to: multi-unit housing, rehab centers, residential care facilities, vocational schools, child daycare, churches, and many live-work types of properties. Verify with County for all permitted uses. Enjoy nearby access to the Riverside Golf Course, Ancil Hoffman Nature Center, the American River Parkway, Pavilions Shopping Center, Arden Fair Mall, International dining, and a highly rated International Baccalaureate school. DISCLAIMER: Agents, buyers, inspectors, contractors, and all other parties are strictly prohibited from entering the home without the Seller's prior written authorization. Interior access is NOT permitted under any circumstances without advance approval. Any party requesting access to the interior of the house must first sign and submit a Release of Liability. The form will be provided upon request & must be fully executed and approved before any interior access will be given. Unauthorized entry onto the property or into any structure is strictly prohibited and may constitute trespassing. All parties enter the property at their own risk. Property is being sold AS IS. Seller makes no representations or warranties regarding the condition or safety of the structures. Extreme caution is advised. Do not leave children unattended while visiting the property. Parents and guardians are responsible for supervising minors at all times. Property may contain conditions or hazards that are unsafe for unsupervised children.

Listing courtesy of KAM Financial & Realty



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Last checked 2026-08-30 10:13 PM PDT