What is the recommended size lot for developing a community shopping center?

The recommended size lot for developing a community shopping center is typically in the range of 10 to 40 acres. This size provides adequate space for a variety of retail purposes, which might include grocery stores, restaurants, personal services, and other businesses that cater to the local community. A lot within this size range allows for necessary parking, landscaping, and potential expansions in the future, which are all essential features of a community shopping center.

Moreover, a lot of this size can effectively accommodate the average traffic and customer volumes expected for community shopping, helping to ensure that businesses within the center can thrive and serve their intended markets. Smaller lots may restrict the necessary facilities and amenities, while larger lots could lead to underutilization and potentially increased maintenance costs. Therefore, a lot size of 10 to 40 acres is seen as optimal for fulfilling the operational and community needs of a shopping center.