Vacant land refers to parcels of land that are not currently developed or occupied by buildings or structures. This type of land can be found in urban, suburban, or rural areas and may be used for various purposes, including residential, commercial, or agricultural development. Investors often seek vacant land for its potential to appreciate in value over time. Additionally, it can serve as a space for recreational activities, such as camping or hiking, or be held for future development, making it a versatile asset in real estate markets.