Parking Lot Business

Parking is a high demand business, parking spaces can be rented out or purchased for lots of money. If you own a parking lot you can have several streams of income through it with things like parking fees, advertising, subscriptions, sponsorships for events and penalties. Buying a vacant lot in the city with the proper zoning and paving it ($3-$7 per sqft) can bring in good amounts of money. The average revenue of a parking lot is around $500,000.

(Cover photo by Unsplash)