0140 Old Cheney rd - Lancaster 140 West 140 Acres of Commercial Land Offered at $4,895,000 in Walton, NE 68461

Opportunities of this magnitude, location, and flexibility are becoming increasingly rare in Lancaster County. Situated less than two miles from the South 98th Street and Old Cheney Road intersection, this remarkable 140 +/- acre offering presents a unique opportunity to acquire seven contiguous parcels ranging from 19.46 acres to 21.00 acres in one of the most desirable and rapidly evolving growth corridors surrounding Lincoln.
As residential expansion continues to move outward from Lincoln, demand for larger acreage home sites and thoughtfully planned rural residential developments has never been stronger. The property's configuration, extensive road frontage, and parcel layout create exceptional flexibility for future development, subject to Lancaster County approval and applicable zoning requirements.
Large-scale development tracts of this size are seldom available this close to Lincoln. Even more uncommon is the opportunity to acquire seven contiguous parcels that provide multiple development strategies and phased implementation options. Forward-thinking investors and developers will appreciate the ability to create a project that blends rural lifestyle living with convenient access to employment centers, schools, healthcare, shopping, and recreational amenities within the Lincoln metropolitan area.
Adding to the property's appeal is the opportunity for immediate agricultural income. The property is currently operated 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 also expressed interest in continuing farming operations beyond the 2026 crop season until such time as portions of the property are needed for development or alternative uses. This provides a unique opportunity for a new owner to maintain agricultural income while completing planning, engineering, zoning, and development activities. Any future lease arrangements will be negotiated directly between the Buyer and the tenant.
For developers, investors, and land visionaries, this offering represents far more than a farmland acquisition it is a chance to secure a significant position within one of Lancaster County's most promising growth areas before future expansion reaches its doorstep.
Property Highlights
• 140 +/- total acres comprised of seven contiguous parcels
• Parcel sizes ranging from 19.46 acres to 21.00 acres
• Located less than two miles from South 98th Street and Old Cheney Road
• Positioned within one of Lancaster County's most desirable growth corridors
• Excellent candidate for acreage development and rural residential projects
• Extensive road frontage and multiple development configurations available
• Currently generating agricultural income through an established tenant
• Tenant retains farming rights through the 2026 crop season
• Potential for continued farm income while future development plans are implemented
• Rare opportunity to acquire a large contiguous development tract near Lincoln
A Truly Rare Opportunity
Large, contiguous development properties near Lincoln are becoming increasingly difficult to find. Opportunities to control seven adjoining parcels, combined with the possibility of acquiring the neighboring 139 +/- acres offering immediately to the east, create a level of scale and development flexibility that rarely reaches the open market.
Whether your vision includes executive acreage home sites, a master-planned rural residential community, a long-term land investment, or a phased development strategy, this property offers the location, scale, natural amenities, and future potential necessary to create something exceptional.