27970 Ok-51 Coweta, OK 74429
This exceptional 4.36-acre commercial land parcel is strategically located on the east side of State Highway 51 in Coweta, Oklahoma, approximately half a mile south of 121st Street South. Zoned CG (General Commercial), this property presents a remarkable opportunity for various commercial ventures. City water and sanitary sewer services are readily available, enhancing its development potential. A newly established driveway provides convenient access from Hwy 51, secured by a mutual access agreement with the neighboring property. This high-traffic area sees over 20,000 vehicles daily on State Highway 51, ensuring significant visibility for any development. The property's location offers proximity to established businesses, including a Walmart Supercenter, Casey's, and McDonald's, further bolstering its commercial viability. While the adjacent 5-acre parcel, featuring a pond and creek, is under a conservation easement and unavailable for development, its potential for amenity integration (e.g., park, walking trails) could significantly enhance the value of this 4.36-acre lot. The seller may even transfer ownership of the adjacent 5 acres to the buyer of this property at minimal or no cost, presenting a unique advantage for office complex development. This property was created through Coweta Lot Split Application 23-7. The land is priced at $3.13 per square foot. This prime location and flexible development options make this a truly compelling investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.