$100,000 won’t buy a home in San Francisco, but it might get you a parking space

A new $100,000 real estate listing for downtown San Francisco shows off an empty parking space — because that’s all the lucky buyer will be getting, KGO reports.

The Compass Real Estate listing offers spot 140 in the parking garage of a condominium building at 88 Townsend Street in the coveted South Beach neighborhood.

“One block from the ballpark and one block from the Embarcadero so it’s not only a good place to park your car, and to park your money,” said real estate agent Bill Williams, KGO reported.

You don’t have to be a resident to use the space, which may be a good thing as prices for condos in the building start at $849,000 for a 644-square-foot one-bedroom, one-bath unit, the San Francisco Chronicle says.

Williams says other parking spaces in the building have sold for as much as $90,000, according to the publication. The owners of the space now up for sale passed on a similar offer.

“It’s all driven by supply and demand,” WIlliams said, KGO reported. “We’re surrounded by blocks of multimillion-dollar properties and they came with one parking space.”

A 2017 survey of San Francisco street parking found 275,000 spots in the city, a slight drop from 2010, SFCurbed reports. The same survey found about 442,000 spaces in parking garages, a slight bump over the 2010 number.

But the city’s population grew by 80,000 in the same period, according to the publication.

This story was originally published February 3, 2020 at 1:38 PM with the headline "$100,000 won’t buy a home in San Francisco, but it might get you a parking space."