Asphalt parking lot construction cost per square foot

How much is asphalt per sqft?

The costs for asphalt will certainly fluctuate based on a variety of factors such as thickness, type, and consistency. However, asphalt tends to be priced by the square foot , with prices ranging anywhere between $3 and $5 per foot .

How much does it cost to build a parking spot?

Small parking lots (10-30 spaces, 4000 to 10,000 square feet) cost between $5,000 and $20,000. Larger parking lots (30-300 spaces, 10,000 to 100,00 square feet) cost between $12,000 and $200,000 to construct. This cost can range in price from $0.90 to $2.50 per square foot.

How much is a blacktop driveway per square foot?

Other sources estimate the cost to install an asphalt driveway to be between $2,300 and $10,300 . Homeowners typically pay per square foot. Reibling adds the average cost per square foot is between $3.50 and $4.50. Some asphalt contractors may charge by the ton, with the cost ranging from $100 to $150 per ton.

How much does it cost to pave a 2000 sq ft driveway?

Paving an asphalt driveway costs $4,709 on average, with a typical range between $2,928 and $6,552. This project runs $7 to $13 per square foot , including $2 to $6 per square foot for materials and $5 to $7 per square foot for labor. If you need replacement, you’ll pay $8 to $15 per square foot .

What is the difference between asphalt and blacktop?

Asphalt generally refers to major highways and streets, whereas, blacktop is commonly used to refer to driveways and residential roads. As a matter of fact, blacktop is a type of asphalt .

You might be interested:  Construction fans and blowers

How do I calculate how much asphalt I need?

How to Calculate Asphalt Tonnage Use a tape measure to determine distances. Convert the length, width and height measurements to feet by dividing by 12, since each foot contains 12 inches. Multiply the length times the width times the depth to obtain the volume in cubic feet of the space to be paved.

How much does it cost per space to build a parking garage?

As of March 2019, our statistical data indicates that the median construction cost for a new parking structure is $21,500 per space and $64.77 per square foot, increasing 5.1% from March 2018 when the median cost was $20,450 per space based on our historical database.

How many square feet is a parking space?

180 square feet

Is owning a parking garage profitable?

“ Parking investments are very attractive to real estate investors.” Simply put, parking garage owners can make a lot of money. But most garages range in size from 250 spaces to 2,000 spaces. Depending on the price of a space, a garage could generate anywhere from $100,000 to several million dollars a year.

Is 2.5 inches of asphalt enough for a driveway?

Thus, a compacted asphalt thickness of 2.5 to 3 inches may be more than sufficient for a residential driveway , but a busy mixed-use lot may need a compacted asphalt thickness of 4 inches or more.

How many square feet will a ton of asphalt cover?

316 square feet

How much does it cost to pave a 2 car driveway?

The average cost for a 2-car driveway paving and installation is $3,600 with most homeowners spending between $950 and $7,940 .

You might be interested:  Why were republicans so eager to fund the construction of a transcontinental railroad in the 1860s?

How much does repaving a driveway cost?

$50 per square metre for stencilled concrete. $85 per square metre for multi-coloured stencilling. $75 to $90 per square metre for coloured concrete. $100 to $150 per square metre for an exposed aggregate finish.

How many years does an asphalt driveway last?

The life expectancy varies based on climate, traffic, and maintenance. It is possible to have asphalt pavement last 25-30 years , but this depends on how strong the base is, the soil types underneath, how well those soils drain, how think the original road, parking lot, or drivewaywas paved.

What is the average cost of asphalt per ton?

The cost of asphalt ranges from $3 to $5 per square foot, including labor. It is easier to get a better idea of the total cost when you calculate it in tonnes, however, and that is how these calculations will be carried out. The average price of good quality asphalt is $85 to $150 per ton.