How many square feet of usable space are left for building, Finance Basics

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How many square feet of usable space are left for building

Problem

• A 100-acre farm is subdivided into lots for homes. The streets require one-eighth of the entire property, and the remaining acreage is divided into 140 lots of approximately the same size. About how many square feet are in each lot?

• A lot has a frontage of 140 feet and a depth of 170 feet. If the building line regulations call for a setback of 30 feet at the front, 10 feet at the back, and 8 feet on each side, how many square feet of usable space are left for the building?

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