Answer:
1.074 acres are there in this building lot.
2 houses will be allowed to build on this lot.
Explanation:
Dimensions of the building lot are 260 ft
180 ft.
The building lot is rectangular in shape.
Area of the building lot (Length
Width) is:

It is given that:

So, 1.074 acres are there in this building lot.
A house is build on
acres and we have ~1 acre of land in the building lot.
So, town will allow to build 2 houses on this land.