Question

Highest and best use of a property is that use which

1. conforms to other properties in the area.
2. legal, feasible, and deemed the most appropriate by zoning authorities.
3. entails the largest building that zoning ordinances will allow developers to erect.
4. physically and financially feasible, legal, and the most productive.

Answer 1

The highest and best use of a property refers to the use that is physically and financially feasible, legal, and the most productive.

Step-by-step explanation:

The highest and best use of a property refers to the use that is physically and financially feasible, legal, and the most productive. It should conform to zoning regulations and be deemed the most appropriate by zoning authorities. The highest and best use is not necessarily the use that entails the largest building size allowed by zoning ordinances, but rather the use that maximizes the potential value and productivity of the property.