Land Use & Zoning
A Missouri property's 'highest and best use as vacant' may differ from 'highest and best use as improved' because:
AVacant land has no value
BThe existing improvements may not represent the optimal use; land value as vacant may suggest redevelopment✓ Correct
CZoning only applies to improved land
DBoth analyses are always identical
Explanation
Highest and best use is analyzed both as if vacant (what would be built today) and as improved (how the existing improvements should be used). They may differ when existing improvements are outdated or underutilize the land.
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