Raw Land

Property in its natural state, prior to grading, construction, and subdividing. The property has no sewers, electricity, streets, buildings, water service, telephone service, or other amenities. Investors in raw land hope that the land's value will rise in the future if it is developed. While they wait, however, they must pay property taxes on the land's value.

Acreage with no added Improvements such as landscaping, drainage, streets, Utilities and structures.
Example: The developer bought 50 acres of raw land upon which to develop a Subdivision.