Tangible Asset

An asset that has a physical form such as machinery, buildings and land.

Investopedia Says:
This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. For example, a well-known brand name can be very valuable to a company. On the other hand, if you produce a product solely for a trademark, at some point you need to have "real" physical assets to produce it.

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Real property or personal property, such as buildings, machinery, and real property. Tangible assets are distinguished from intangible assets such as trademarks, copyrights, and Goodwill, and natural resources (timberlands, oil reserves, and coal deposits). Also includes accounts receivable of a concern. Tangible and intangible assets are recorded separately on the balance sheet. Physical assets are depreciated over their useful life; intangibles are amortized. The book value of wasting assets, such as coal, gas, or oil is reduced through depletion. Accounting rules are vague on this distinction between tangibles and intangibles. Generally, any asset not expressly defined as an intangible is considered a tangible asset.