The first thing we must do is find the amount of land that will be used for the 120 lots.
We must remember that 10% of the land will not be used for the lots.
We have then:

Then, we must consider the following conversion of units:

Applying the conversion we have:

Then, the amount of square feet for each lot is given by:
Answer:
There will be 32670 square feet in each lot.