| Listing | American Legacy Land Co.

Property Detail

Walton, NE 68462 - Lancaster

Listing Courtesy of: American Legacy Land Co.

Commercial Property Farms Horse Property Acreages

Pending

$1,147,500

76.5 acres

For Sale

Listing Date: 06/15/2026

Lancaster 76
Positioned at the corner of South 162nd Street and Old Cheney Road, this 76.5± acre tract presents a rare opportunity to acquire a highly desirable parcel in one of Lancaster County's most sought-after rural growth corridors. Located just 4.5 miles from the Lincoln city limits and accessible via hard-surfaced roads, the property offers the ideal balance of country living and convenient access to the amenities, employment centers, shopping, and services of Lincoln.

The land features an exceptionally level topography with minimal slope, providing outstanding flexibility for future development, acreage home sites, or continued agricultural production. Its configuration, road frontage, and location make it particularly well-suited for the creation of multiple acreage properties, with potential for 3- to 5-acre home sites subject to Lancaster County approval and applicable zoning requirements.

As demand continues to grow for rural residential properties within close proximity to Lincoln, opportunities of this size and quality have become increasingly difficult to find. Buyers seeking investment potential, transitional land opportunities, or the ability to create a premier rural residential development will appreciate the property's strategic location and long-term upside.

Property Highlights
76.5± acres in Lancaster County, Nebraska
Corner location at South 162nd Street & Old Cheney Road
Approximately 4.5 miles from Lincoln city limits
Hard-surfaced access via Old Cheney Road
Exceptionally level topography with minimal slope
Currently in productive row crop production
Excellent candidate for acreage development
Potential for multiple 3-to-5-acre home sites (subject to county approval)
Country setting with convenient access to Lincoln amenities
Strong long-term investment and transitional land potential

The Property is currently being farmed by a local tenant who will retain farming rights through the 2026 crop season. No development activities, construction, or disturbance of the existing crop ground may occur until the 2026 crop has been harvested.

The current tenant has indicated an interest in continuing to farm the Property after closing until such time as the land is needed for development or another use. This provides a potential opportunity for a new owner to maintain agricultural income while evaluating future plans for the Property. Any future lease arrangements will be negotiated directly between the Buyer and the tenant.

Facts & Features
School District
Waverly

Lot Description
Acreage
Farmland
Current Use
Agriculture
Minerals Information
Oil and Gas
Water
Wind
Oil and Gas % Owned
100
Water % Owned
100
Wind % Owned
100
Property Tax Exemption

No

Street/Utilities Information
No City Services

Mortgage Options
Conventional Mortgage

Agricultural Uses
Row Crop
Row Crop Type(s)
Corn
Soy

Legal Address
Parcel # 2211300001000, S11, T9, R8, 6TH PRINCIPAL MERIDIAN, LOT 12 SW
GIS Parcel Id

2211300001000

Directions
From East Lincoln, South 98th Street and Old Cheney Rd head east 4.5 miles to South 162nd street, turn left onto South 162nd Street and the property is located on the right or east side of the road. From HWY 2 & 43 head north 6.5 miles to Old Cheney Rd turn right onto Old Cheney Road go 2 miles to South 162nd Street turn left onto South 162nd Street and the property is located on the right side of the road.