The phrase refers to property missing particular zoning ordinances or non-public restrictions that dictate its use. It usually permits an proprietor higher latitude in figuring out how the parcel is developed or utilized. For example, a person may assemble numerous buildings, have interaction in numerous enterprise actions, or subdivide the land while not having to stick to traditional residential or industrial zoning rules.
One of these property can supply appreciable benefits. It gives flexibility for modern tasks and nontraditional ventures that could be hindered by standard land-use limitations. Traditionally, it facilitated settlement and growth in areas previous to complete planning and zoning implementation. The potential for numerous purposes may also improve its worth, attracting consumers in search of distinctive alternatives.
