Definition
A corner lot sits at the intersection of two streets, giving you multiple street frontages and views from different directions. The trade-off? You also get more traffic, noise, and visibility. Corner lots are great for commercial potential but residential buyers should carefully evaluate whether they're comfortable with the extra exposure and activity.
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Find my pathAbout this term
Corner lots offer advantages including increased light, visibility, and multiple street access points. However, corner properties face more traffic, noise, and visual exposure than interior lots. Commercial development potential increases for corner lots. Corner lot premiums vary based on neighborhood characteristics and traffic patterns.
Pro Tip
Visit a corner lot at different times of day. Morning rush hour and evening traffic tell very different stories about livability.
Example
A corner lot property has higher visibility for commercial use but experiences more traffic and noise.