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Updated 6 months ago,
Parking Lot Investing in DFW
BP- my name is Tamara and I live in the DFW area. I've spent the last year following the real estate market and learning more about it, finally feel ready to make the jump to invest (especially since the deals are coming out to light).
To start, I would like to own a parking lot since it's less hands on than other CRE properties. However, having difficulty finding the price per sq ft of parking spaces. Does someone know a range of how much $/sq ft a parking space costs in a busy area say downtown Dallas vs non busy area? Additionally, the costs on installing parking meters please?
My model won't make sense until I have the land cost figured out :) thanks in advance BP!
Also if you know of anyone selling a parking lot in DFW send me a message please