83 Space Surface Parking Lot Purchase

[April Crossley]

I was recently presented with the opportunity to buy a surface parking lot. 83 spaces. In an area I am very familiar with. Spaces are rented to local businesses - for example, one business will pay for 10 spaces for their employees, etc.  Lot spaces are not rented to individuals.   I am wondering if anyone is familiar with purchasing surface parking and if so... #1. What do you use as a "vacancy" rate? The lot has been fully rented for years as it is in the middle of a city.   #2. Would it scare you to buy a parking lot if your intention is long term hold (with as popular as Uber has become, self driving cars, etc).  

Appreciate any insight. Parking Lots are out of my realm of  my usual purchases (single family and small multifamily). thanks!