The city-owned small parcel at 2 King Street — currently home to eight leased parking spaces — could have a big impact on the block at the end of King Street if the city approves a sale.

At the Waterfront Commission meeting this morning (Tuesday), staff said the city received an unsolicited offer for the lot in June from the current owners of the adjacent Fitzgerald Warehouse building. The City Council subsequently authorized staff to consider the sale and look into alternatives for the property.

Staff said the proposed plan would involve tearing down the late 20th-century addition to the historic property — which currently houses Thai restaurant Mai Thai — and replace it with a new extension that would take advantage of the waterfront view. The historic Fitzgerald Warehouse, where Starbucks is currently located, would not be torn down.

Staff was skeptical of the likelihood that another development could be built on the site, saying it could theoretically be its own building but “it would be a tight fit.”

One way or another, the parking spaces at the foot of King Street are likely going away soon. Jack Browand, division chief with the Department of Recreation, Parks and Cultural Activities, said that the current use does not fit with the city’s plans to make the surrounding streets more pedestrianized.

“Even if it stays with the city, it would be improved in some way, like turned into an outdoor seating area,” Browand said.

Whether the property stays with the city or is sold to a developer, several members of the Waterfront Commission said that part of the deal should be the inclusion of public restrooms or other public uses at the site.

Staff said a public meeting will be held in December to gather more ideas for what to do with the site, but no specific date has been scheduled.