Currently I own a single family rental. Bought and paid for. I purchased raw land about two years ago. Rates aren't the greatest and I still owe a decent amount on it.

If I were to sell the rental could I use that in a 1031 exchange and payoff/pay down the raw land or would it have to be a new/similar real estate purchase to do that?

I assume it wouldn't be possible but thought I would ask. After a little reading online I believe it is not possible but interested in thoughts/other suggestions.

Thanks, that's what I thought.

It's been a few years since I've done one, but you might look into doing a 1031 TIC structure. Would allow new ownership to come in alongside existing property owners. There are certain additional conditions and hurdles, so not sure if this would be a realistic option for your situation