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Longman Dictionary of Contemporary English
park and ride
noun
EXAMPLES FROM CORPUS
▪ Now the derelict ground is being viewed by Merseytravel as a potential park and ride site.
▪ The Upton park and ride has been built on zoo-owned ground at a cost of £1m and will eventually have 750 spaces.
Wiktionary
park and ride

n. A car park with connections to public transport services, allowing commuters and other travellers to complete their journey via bus or rail system.

Wikipedia
Park and ride

Park-and-ride (or incentive parking) facilities are parking lots with public transport connections that allow commuters and other people heading to city centres to leave their vehicles and transfer to a bus, rail system ( rapid transit, light rail, or commuter rail), or carpool for the remainder of the journey. The vehicle is left in the car park during the day and retrieved when the owner returns. Park-and-rides are generally located in the suburbs of metropolitan areas or on the outer edges of large cities. Park-and-ride is abbreviated as "P+R" on road signs in the UK, and is also mentioned as P&R in colloquial speech and writing.