502 N 5th Street N, Orlando, FL 32820

Property Description

Price Reduced!. Discover this prime 1.77-acre property located in the rapidly growing Bithlo area of East Orlando!. Currently zoned RT-2, this versatile lot allows for block, modular, or mobil homes, making it an ideal investment for residential development. The property boasts a strategic location near major attractions and conveniences, including UCF, Waterford Lakes Shopping Center, Avalon Park Boulevard, and easy access to I-95. Additionally, it is close to Publix and other national retailers, ensuring convenience for future residents or tenants. Exciting infrastructure improvements are on the horizon!. The Florida Department of Transportation (FDOT) is proposing to widen East Colonial Drive (SR50) from east of Chuluota Road (CR 419 ) to SR 520 in Bithlo. This project aims to expand the roadway from four lanes to six lanes, enhancing capacity and safety to accommodate increased traffic from anticipated development. Don't miss the opportunity to invest in this high-potentional area with significant growth and development plans.