What is a site in real estate?

In real estate, a site typically refers to a parcel of land that has been subdivided and is often serviced, meaning it has essential utilities and infrastructure in place, such as water, electricity, and sewage systems. This is crucial for developers and buyers who are looking for land that is ready or nearly ready for construction or development. Sites are often used for residential, commercial, or industrial purposes, making them a key factor in real estate transactions.

While a parcel of land that has not been subdivided—raw acreage—may hold potential for future development, it lacks the immediate accessibility and readiness that a serviced site offers. On the other hand, land that is permanently fixed refers to real estate that is immovable but does not inherently indicate readiness for development. Therefore, the best understanding of a "site" in this context aligns with the definition of a parcel that is subdivided and serviced, making answer B the most accurate choice.