In which location is a parking lot likely to bring the highest sales price if all factors are equal?

A parking lot in a business district zoned for a six-story office building is likely to command the highest sales price because of the high demand for parking in commercial areas. Business districts typically experience a higher volume of foot traffic and vehicle traffic, as they are frequented by employees, clients, and visitors to businesses and offices. The zoning for a six-story office building also indicates that the area is geared toward commercial activities, making parking an essential and valuable commodity for businesses operating there.

In contrast, while suburban areas with single-family homes may have some need for parking, the demand is generally not as intense as in a business district. Rural areas with no commercial development usually have limited need for parking lots, making them less valuable. Residential neighborhoods near schools may see some demand due to events and school timings; however, the overall potential for generating income or significant sales price is lower compared to a bustling business district where daily operations and activities continuously create a need for convenient parking.