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Well, anywhere that is popular enough to need parking (e.g. downtown commercial) is going to be more expensive than a standard house lot in SillyValley. A 5000s
by kurthr 9y ago
Well, anywhere that is popular enough to need parking (e.g. downtown commercial) is going to be more expensive than a standard house lot in SillyValley. A 5000sqft lot is easily $1M and probably more so you're going to need $200/sqft just for land. The minimum size for a compact parking space is 8x16 and area usage isn't better than 50% in a parking lot so you're at 256sqft before you start building anything... that's $5k.
- dbaupp 9y ago(You missed a zero: 8×16×2×200 = $51k.)