Prime Real Estate 

any desirable object. could be anything from a killer parking spot to an extremely attractive person.

dude i'm tellin you, this chick is some prime real estate.
or
look at that spot right there! that's some prime real estate for this part of town

Prime Real Estate by Kid Touchin Stuff November 17, 2009

Prime Real Estate 

A parking space at a department store, specifically Wal-Mart, which is centrally located to the entrance/exit AND a shopping cart stall.

Tooty! Park there! That's some Prime Real Estate....

Prime Real Estate by Kelvey October 30, 2008

Prime Real Estate 

An extremely attractive girl that's at or about to hit the age of consent.

Brody- You dudes wanna go to the mall? I'm meeting Amanda there.

Juan- Fuck yeah, didn't she just turn 17? Prime real estate right there, son.

Eric- Hell yeah. Plus, it's the mall. Where else can you find such a high concentration of some prime real estate?

Prime Real Estate by nandeezy June 5, 2010