INNOVATE Real Estate
Land at 502 N 5TH ST N, ORLANDO
Land at 502 N 5TH ST N, ORLANDO, photo 2 of 8
Land at 502 N 5TH ST N, ORLANDO, photo 3 of 8
Land at 502 N 5TH ST N, ORLANDO, photo 4 of 8
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Land at 502 N 5TH ST N, ORLANDO, photo 8 of 8
8 photos

$399,900

502 N 5TH ST N
ORLANDO, FL 32820
Listed by JASON MITCHELL REAL ESTATE FLO
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

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.

Property details

MLS #
MFRO6327321
Property type
Land
Subdivision
BITHLO
Status
Active
Days on market
247
On market date
December 4, 2025
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
1.77 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
COLUMBIA ELEMENTARY
1.68 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
486
Student:teacher ratio
16.8:1
District
ORANGE
Middle
CORNER LAKE MIDDLE
1.48 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
819
Student:teacher ratio
20.0:1
District
ORANGE
High
EAST RIVER HIGH
1.39 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
1.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
2,034
Student:teacher ratio
22.6:1
District
ORANGE

Walkability

Blended score for ORLANDO's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

15
Very car-dependent
out of 100
EPA National Walkability Index
5.0 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in ORLANDO, from live MLS data.

On the market 247 days -- 142 more days than ORLANDO's current average of 105 days.
For reference, the median list price across 7,717 active listings in ORLANDO right now is $250,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$2,558/mo
$79,980 down
$319,920 loan
Principal & interest$2,075
Property tax (est.)$333
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated August 9, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.