Landlocked


Landlocked

In a business sense, a piece of property that is totally inaccessible via public thoroughfare, except through an adjacent lot. A vacant lot that is located behind a strip mall and can only be reached by walking through the mall qualifies as this type of lot. Landlocked property is "locked up" all around by other property.

Landlocked property is generally worth less than other properties, due to its inaccessibility. As the old saying goes in real estate, "location, location, location." This disadvantage makes these properties harder to sell in many instances.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Landlocked — Land locked , a. 1. Inclosed, or nearly inclosed, by land; having no border on the sea; as, a landlocked country. [1913 Webster] 2. (Zo[ o]l.) Confined to a fresh water lake by reason of waterfalls or dams; said of fishes that would naturally… …   The Collaborative International Dictionary of English

  • landlocked — land‧locked [ˈlændlɒkt ǁ lɑːkt] adjective 1. a landlocked country is surrounded by other countries and has no sea coast 2. PROPERTY a landlocked piece of land is not on a public road, and to reach it you have to cross land owned by other people …   Financial and business terms

  • landlocked — A parcel of real property that has no access to a public street and cannot be reached except by crossing another s property. See: easement Category: Real Estate & Rental Property Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen… …   Law dictionary

  • landlocked — [land′läkt΄] adj. 1. entirely or almost entirely surrounded by land, as a bay or a country 2. cut off from the sea and confined to fresh water by a geographical barrier [landlocked salmon] …   English World dictionary

  • landlocked — 1620s, from LAND (Cf. land) (n.) + pp. of LOCK (Cf. lock) (v.) …   Etymology dictionary

  • landlocked — ► ADJECTIVE ▪ almost or entirely surrounded by land …   English terms dictionary

  • landlocked — adjective Date: 1622 1. enclosed or nearly enclosed by land < a landlocked country > 2. confined to freshwater by some barrier < landlocked salmon > 3. living or located away from the ocean < a landlocked sailor > …   New Collegiate Dictionary

  • landlocked — /land lokt /, adj. 1. shut in completely, or almost completely, by land: a landlocked bay. 2. having no direct access to the sea: a landlocked country. 3. living in waters shut off from the sea, as some fish. [1615 25; LAND + LOCK1 + ED2] * * * …   Universalium

  • landlocked — adjective /ˈlændˌlakt/ a) surrounded by land (having no borders with the sea) Switzerland is landlocked and obviously will never be a great sea power and must always trade overland. b) living in freshwater, such as landlocked salmon …   Wiktionary

  • landlocked — [[t]læ̱ndlɒkt[/t]] also land locked ADJ: usu ADJ n A landlocked country is surrounded by other countries and does not have its own ports. ...the landlocked West African nation of Mali …   English dictionary


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