A parking spot at a condo complex in San Francisco is on sale for $90,000
in the US, and an unusual new listing shows just how pricey it can get.
Located in the city's South Beach neighborhood, 88 Townsend St., is on sale for $90,000. At first glance, that seems exceptionally cheap in a city where the median home priceBut 88 Townsend Street isn't a home — or any residential space for that matter. It's a parking spot.."It is NOT a condo but a single parking space near the lobby."
The listing says the spot is currently being leased for $300 per month. At that rate, whoever buys the space will have to use it for 25 years to get their money's worth.Though tenants usually only get one parking space in such a building, the listing agent for the spot, Bill Williams of Compass Real Estate, told
that his clients bought this spot in addition. The space can be used by a building resident or someone who doesn't live there.. But San Francisco isn't the only big city with pricey parking.
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