Property is at the junction of E Colonial Drive and SR 408 (east West Expressway) and is surrounded by upscale apartments, single family, and newly developed retail. Orange County Vision 2050 is up-zoning the parcel to newly created T4.1 Transect (new name for Zoning District) and Proposed Place Type (new name for Future Land Use) of Traditional Neighborhood, with a max density of 30 dwelling units per acre. The up-zoning appears to be scheduled for final adoption on June 3, 2025! County shows 3.15 acres buildable, 1 acre of wetlands at the north end of the property. Parcel is adjacent to recently built luxury apartment complexes that sold for $510,000 per acre when acquired in 2021. Located on access road off Woodbury Rd. East Colonial has 46,500 vehicles per day and Woodbury Rd has almost 20,000 vehicles per day. Located minutes from UCF, Central Florida Research Park, Valencia College, Waterford Lakes, and every kind of retail available nearby. 15 minutes to downtown Orlando via the 408 Expressway.