Replacing a 10,000 sqft concrete parking lot??

I'm looking at a small apartment complex in NE Indiana that needs turned around. The concrete parking lot is in pretty bad shape. I really like the idea of ripping it out and replacing it with asphalt and striping the parking spaces.

Anyone had experience in this? Would it be better to replace it with concrete? Pros and cons?

I have access to someone that has access to equipment to remove the old concrete for an overall decent price by the way.