A lot of which ownership is essential in acquiring a piece of land for development either because of its strategic location or the timing of the acquisition.

(1) A strategically located lot, adding to its value. (2) A lot adjoining a corner lot at its rear property line with frontage on the secondary street. Also called a Butt Lot.

A tract of land which sells for a high price because of its desirable location.

The one property in a development that is key to the entire development's success.

A piece of property which is pivotal to the success of a proposed development.