1516 W 51st Hwy, Wagoner, OK, 74467
About This Home
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Other
Property
Lot
- Lot size: 1.47 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Cold Wave
- Hail
- Heat Wave
- Lightning
- Tornado
- Winter Weather
- Inland Flooding
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Wagoner County and Oklahoma
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,930 | $59,160 |
| Home Insurance | $1,137 | $13,644 |
| Property Taxes | $568 | $6,816 |
| Electricity | $144 | $1,732 |
| Total | $6,779 | $81,348 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-30 | Listed for sale | $975,000 |
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