# Old Cheney Road, Walton, NE 68461 > **TL;DR:** land, $4,449,000. Est. $23,795/mo. Listed 141 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $4,449,000 | | Lot Size | 6,054,840 sqft (139.00 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 141 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $22,497 | | Estimated Insurance | $1,298 | | **Total** | **$23,795** | ## Property Highlights - 139.00 acre lot ## Description ### Agent Description 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 139+/- acre offering presents a unique opportunity to acquire seven contiguous parcels ranging from 17.15 acres to 19.79 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, including the potential for multiple 3 to 5 acre acreage home sites, subject to Lancaster County approval and applicable zoning requirements. What truly sets this offering apart is its scale and character. Several of the parcels border the Stevens Creek corridor, creating a natural setting that is increasingly difficult to replicate in today's marketplace. Mature creek corridors, rolling natural features, and opportunities for water amenities provide a unique canvas for a premier residential development, executive acreage community, private estate project, or long-term investment hold. The presence of Stevens Creek creates a sense of privacy, exclusivity, and natural beauty that future homeowners and developers alike will recognize as a significant asset. 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 - 139+/- total acres comprised of seven contiguous parcels - Parcel sizes ranging from 17.15 acres to 19.79 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 - Potential for multiple 3- to 5-acre home sites (subject to county approval) - Several parcels border the scenic Stevens Creek corridor - Exceptional opportunity for water features, open space, and premium home sites - 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 ## Location - **Address:** Old Cheney Road, Walton, NE 68461 - **County:** Lancaster - **Coordinates:** 40.755214, -96.592285 - **Google Maps:** https://www.google.com/maps?q=40.755214,-96.592285 ## Listing Agent - **Name:** Robert Osborne - **Brokerage:** American Legacy Land Company - **Broker Phone:** 308-991-9544 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Old-Cheney-Rd_Walton_NE_68461_M92678-35798?f=listhub&s=NYSMLS&m=11884905&c=propsimple) ## Photos ![Old Cheney Road - Photo 1](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f2635134689r.jpg) ![Old Cheney Road - Photo 2](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f1466906566r.jpg) ![Old Cheney Road - Photo 3](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f875808326r.jpg) ![Old Cheney Road - Photo 4](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f1260885314r.jpg) ![Old Cheney Road - Photo 5](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f520493710r.jpg) ![Old Cheney Road - Photo 6](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f3279935822r.jpg) ![Old Cheney Road - Photo 7](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f1689998327r.jpg) ![Old Cheney Road - Photo 8](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f2587581952r.jpg) ![Old Cheney Road - Photo 9](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f1462571168r.jpg) ![Old Cheney Road - Photo 10](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f283277480r.jpg) ![Old Cheney Road - Photo 11](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f1128514527r.jpg) ![Old Cheney Road - Photo 12](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f966532594r.jpg) ![Old Cheney Road - Photo 13](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f1273868256r.jpg) ![Old Cheney Road - Photo 14](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f2302417940r.jpg) ![Old Cheney Road - Photo 15](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f910172504r.jpg) ![Old Cheney Road - Photo 16](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f986180709r.jpg) ![Old Cheney Road - Photo 17](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f3016612065r.jpg) ![Old Cheney Road - Photo 18](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f2165098176r.jpg) ![Old Cheney Road - Photo 19](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f4046239459r.jpg) ![Old Cheney Road - Photo 20](http://lh.rdcpix.com/f655c78652e082141180ddb5c838a7del-f206817072r.jpg) --- **MLS#:** 11884905 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/old-cheney-road-walton-ne-68461-f575540402ad41f48744e4c5314a3d26) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/old-cheney-road-walton-ne-68461-f575540402ad41f48744e4c5314a3d26#listing", "url": "https://www.propertysimple.ai/listing/old-cheney-road-walton-ne-68461-f575540402ad41f48744e4c5314a3d26", "name": "Old Cheney Road, Walton, NE 68461", "description": "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 139+/- acre offering presents a unique opportunity to acquire seven contiguous parcels ranging from 17.15 acres to 19.79 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, including the potential for multiple 3 to 5 acre acreage home sites, subject to Lancaster County approval and applicable zoning requirements. What truly sets this offering apart is its scale and character. Several of the parcels border the Stevens Creek corridor, creating a natural setting that is increasingly difficult to replicate in today's marketplace. Mature creek corridors, rolling natural features, and opportunities for water amenities provide a unique canvas for a premier residential development, executive acreage community, private estate project, or long-term investment hold. The presence of Stevens Creek creates a sense of privacy, exclusivity, and natural beauty that future homeowners and developers alike will recognize as a significant asset. 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. 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