What is highest and best use?

Highest and best use is a commercial real estate concept used to describe the most appropriate, legally permissible, physically possible, financially feasible, and productive use of a property.

A property’s current use is not always its highest and best use. Changes in zoning, surrounding development, market demand, or future growth may create new opportunities over time.

If you’re evaluating land or redevelopment opportunities, I’d be happy to discuss the factors that often influence a property’s long-term potential.