I am running droplet with 4 GB Memory / 80 GB Disk + 500 GB / SFO2 - Ubuntu 18.04.3 (LTS) x64 to operate ETH full node. When syncing, I run out of space. Not using +500 GB. ETH chain is ~ 250 GB. should have plenty of real estate here. How can I sync chain on 500 GB volume?

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You’ll need closer to 2TB depending on your sync type and client. I quit using ETH years ago because of how difficult it was to do the initial block download and cost of maintaining a non-pruned node.