If you’re wondering how much it costs to pave a parking lot, you’re not alone. Our customers ask us this question a lot. As with most things in life, the answer depends on your needs. Knowing the factors impacting parking lot construction costs will help you set a realistic budget and get the most bang for your paving buck.
Factor 1: Asphalt Paving Project Size
Square footage is the top factor in determining paving project costs. A massive convention center or government facility parking lot will cost more to pave than a parking lot for a small shopping center.
Factor 2: Parking Lot Site Conditions
The less complex the construction will be, the less you can expect to spend on parking lot paving. A simple installation will cost less than an in-depth paving project with added features. Repairing an existing parking lot costs less than pavement removal and parking lot replacement. Flat, barren sites require less prep than hilly, tree-filled ones.
Factor 3: Quality of Paving Materials
Our asphalt formulations are made of high-quality materials, ensuring asphalt purity and consistency, minimal moisture, and maximum heat tolerance for lasting performance. Our customers favor our asphalt formulations as a more affordable alternative to concrete paving. With proper asphalt maintenance, including regular cleaning, crack and pothole repair, and sealcoating, it will last just as long.
Factor 4: Parking Lot Feature Additions
Parking lot feature additions such as parking blocks, striping, curbing, walkways and ramps, and drainage will impact the project costs. Reinforcing your parking lot for heavy tractor-trailer traffic also requires different materials and site prep than a retail or apartment community parking lot that experiences more typical wear.
Factor 5: Your Bay Area Paving Company
Because doing it right costs less than doing it over, it pays to look for a trusted local paving contractor. Avoiding new businesses and those without a physical location ensures a lasting investment. American Asphalt has been serving the Bay Area since 1983. Our in-house paving team has a solid community reputation. We’re so sure of our quality work, we back it with a 3-year warranty – 2 years longer than the competition.
Find out what it will cost to pave your Fairfield, Vacaville, Oakland, Hayward, or Pleasanton parking lot. Contact American Asphalt at 510-723-0280 to schedule an appointment with one of our professional estimators today.