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Paving a parking lot is essential to creating a safe and functional space for vehicles. Whether you are considering constructing a new parking lot or repaving an existing one, it’s crucial to understand the costs involved.
This article will provide a comprehensive breakdown of the expenses associated with paving a parking lot, including asphalt, and concrete options, as well as additional costs for size, resurfacing, and add-ons.
Cost Estimation of Parking Lot Construction:
The price of paving a parking lot can vary greatly based on several variables, including the type of materials used, how big the parking lot is, the site’s characteristics, and labor rates.
The total cost can range from $25,000 to $1,000,000 and up.
|
Low |
Average |
High |
|
$25,000 |
$100,000 |
$1,000,000 |
Asphalt vs. Concrete Parking Lot Costs
Asphalt and concrete are the most common options when choosing materials for a parking lot. Both have their advantages and costs that need to be considered.
Concrete parking lots cost $10 to $20 per square foot, compared to the $4.00 to $10.00 per square foot that asphalt parking lots cost.
Concrete is more expensive because it is typically rated to last longer than asphalt, even though neither takes significantly longer to install than the other.
Asphalt parking lots endure 15 to 30 years with proper maintenance, and concrete parking lots can last 30 to 40 years or more.
Asphalt Parking Lot Cost Breakdown
Several key factors contribute to the overall expense when considering the cost breakdown of an asphalt parking lot. It includes site preparation, clearing, excavation, drainage, and many more.
The cost breakdown of an asphalt parking lot includes site preparation, base installation, asphalt material, and, paving.
Moreover, it includes additional features such as drainage systems, striping and markings, and curbing and sidewalks.
These figures, however, are estimates, and it is advisable to consult with professional contractors for a more accurate cost breakdown based on specific project requirements and location.
Cost Breakdown for Concrete Parking Lot
The prices for concrete parking lots are between $10 and $20 per square foot, including materials and labor. Concrete delivery expenses are frequently included in this pricing, especially if you receive numerous contractor estimates for your project.
Varying costs will be labor expenses. Market prices will change once more. The optimal time to pour concrete is in the cooler early autumn months, although owing to demand, prices may increase.
Cost per Space or Size in a Parking Lot
A fair range to remember while planning each parking place in a parking lot is $405 to $1,134. Parking spaces are typically 9 feet wide by 18 feet long or 162 square feet. Remember that the extra space makes up a little more than half of the lot’s total area.
The prices listed below are approximations based on the required spaces and available square footage.
|
Est. # of Spots |
Square Footage |
Price Range |
|
6 |
2,000 |
$5,000-$14,000 |
|
10 |
4,000 |
$10,000-$28,000 |
|
30 |
10,000 |
$25,000-$70,000 |
|
100 |
35,000 |
$87,000-$245,000 |
|
200 |
70,000 |
$175,000-$490,000 |
|
300 |
100,000 |
$250,000-$700,000 |
Cost to Repave a Parking Lot
Every 15 to 20 years, an asphalt parking lot must be repaved. Per square foot, this will cost between $1.50 and $3.50.
Two inches of the overlay must be added to the previous surface while repaving a parking lot, which could impact the cost. You can pay more than $3.50 per square foot if repairs need to be made before pouring overlay or if a contractor decides you need to add more overlay to patch up gaps or cracks.
Contact Royal Paving Solutions to get a quick Quote to Pave a Parking Lot
Are you looking to pave a parking lot? Contact Royal Parking Solution today for a quick quote! Our experienced team is ready to assess your project requirements and provide you with a personalized estimate.
Don’t wait; call or visit our website now to get started—Trust Royal Parking Solution for professional and reliable parking lot paving services.
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Royal Pavement Solutions is the preeminent asphalt company on Long Island. Our services include asphalt patching, parking lot striping, asphalt paving, parking lot sweeping and portering, asphalt sealcoating, site work, parking lot repair, building maintenance, asphalt milling, and concrete flatwork. Our exceptional reputation is based on our remarkable craftsmanship, dedication to customer service, and utmost professionalism. If you would like a free quote, call 844-777-7924, fill out our online request form, or email info@RoyalPavementSolutions.com.
