> Parking lots are not very valuable. ??? It depends entirely on the location of the parking lot. The land value of a downtown parking lot which is the same s

> Parking lots are not very valuable. ??? It depends entirely on the location of the parking lot. The land value of a downtown parking lot which is the same size as a high-rise building lot next door is going to be similar. Obviously the high-rise is worth more money since there’s a building with leasable space, but the land value of both lots will be very close. A parking lot doesn’t need to remain a parking lot forever, you could borrow money and build a building on it.