How to Buy a Parking Lot: A Comprehensive Guide In today’s bustling cities, owning a parking lot can be a lucrative investment. Whether you’re a seasoned real estate investor or a first-time buyer, purchasing a parking lot requires careful consideration and thorough research. This comprehensive guide will walk you through the process of buying a parking lot, from finding the right location to closing the deal. 1. Determine Your Budget and Financing Options Before diving into the market, it’s crucial to determine your budget for buying a parking lot.