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A parcel of land bounded by a lot line or a designated portion of a public right of way is known as a:

  1. Property site

  2. Parcel area

  3. Site

  4. Block

The correct answer is: Site

The term that best describes a parcel of land bounded by a lot line or a designated portion of a public right of way is "Site." In land use and development contexts, a "site" typically refers to a specified area of land that is intended for a particular use, such as construction or development. The definition encompasses both the physical boundaries set by lot lines as well as any relevant portions of surrounding public spaces that may influence the land’s use. While other terms like "property site," "parcel area," and "block" are related to land and real estate, they have more specific meanings or implications that do not accurately capture the comprehensive idea of a "site" as understood in zoning and land development terms. A property site usually implies a particular piece of property with further specificity, while "parcel area" could suggest measurements without the context of use. A "block" often refers to a larger grouping of parcels or a segment of a city layout, making "site" the most fitting term for what is being defined in the question.