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Executive Summary

INCOME-PRODUCING COMMERCIAL OPPORTUNITY WITH PRIME FRONTAGE ON HWY 51 IN WAGONER – POTENTIAL OWNER FINANCING AVAILABLE! Positioned along a strong commercial corridor with direct frontage on Hwy 51, this 1.47+/- acre property offers excellent exposure, accessibility, and long-term potential. Conveniently located just 1/4 mile from Hwy 69, 8 miles from the Muskogee Turnpike, and 14.5 miles from US-412, the property provides easy access to both local and regional traffic. The property is also situated 14 miles to Coweta, 15 miles to Muskogee, 23 miles to Broken Arrow, and 35 miles to Downtown Tulsa. The property includes a 1,200 +/- SF building (CH) currently in use, providing immediate functionality and consistent income. The existing improvements support a range of commercial uses, including retail, service-based businesses, or a continued investment hold. For buyers focused on income, the property delivers steady cash flow from day one while still allowing room for future improvements or redevelopment. Continued activity in the surrounding area supports the long-term strength and desirability of this location. Seller is open to considering owner financing for qualified buyers. Please inquire about specific details! Located less than 10 miles from Fort Gibson Lake, this property benefits from proximity to one of northeastern Oklahoma’s most established recreational destinations, drawing consistent traffic from visitors, outdoor enthusiasts, and lake-area residents. With over 19,000 surface acres known for boating, fishing, and year-round recreation, the lake contributes to steady activity in the surrounding market, supporting nearby businesses and enhancing long-term commercial viability. Whether you are looking to expand your portfolio, secure a prime commercial location, or plan for future use, this property offers a compelling combination of current income and long-term opportunity. Schedule a private showing today. Buyer’s agents welcome.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
1,200 SF
Building Class
B
Year Built
2006
Price
$1,343,063 CAD
Price Per SF
$1,119.22 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
0.83 AC
Zoning
UC
Parking
22 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
36’ on Hefner Hwy 51
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

Armstrong Bank
Mazzio's
Taco Bueno
Starbucks

Property Taxes

Property Taxes

Parcel Number
730003345
Land Assessment
$21,247 CAD
Improvements Assessment
$13,951 CAD
Total Assessment
$35,198 CAD
  • Listing ID: 39959305

  • Date on Market: 2026-03-30

  • Last Updated:

  • Address: 1516 W Highway 51, Wagoner, OK 74467

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