Terraced Farmland with Highway
South Hwy 66A Palmyra, NE 68418
South Hwy 66A, Palmyra, NE, 68418
$730,000
For Sale
Under Contract
$730,000
LAND - Palmyra, NE
Lot Size73.22 Acres
Days on Market465
Property Features for South Hwy 66A
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active Under Contract
- Lot size
- 73.22 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2905
Listing Agency
American Legacy Land Company
(308) 991-9544
17117 Burt St., Omaha, NE
Listed by
Robert Osborne
(308) 991-9544
Added: Apr 9, 2025 Checked: Jul 17 at 7:06 pm
MLS# 11484738
Listing URL
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.
Investment Insights
Based on property information with market context.
The offering is 73.22 acres of gently rolling dry farm ground in Otoe County, Nebraska. The land is described as having predominantly Pawnee Clay Loam and Wymore Silty Clay, with 4 to 8% slopes. Naturally low areas include wide stands of grasses that help reduce erosion potential, and the property is terraced with drain tile in place. The ground is stated to be 95% farmable, with a small portion classified as waste.
The property borders State Highway 66A on the east side. It is located 5.4 miles south of Palmyra, Nebraska, and is described as approximately 20 minutes southeast of South Lincoln. Electrical service is supported at the property line, and rural water service is available. The land has been used in a corn and soybean rotation.
For buyers looking to add acreage to an existing farming operation or to hold land for a future build/acreage site, this parcel provides a largely farmable configuration with existing water and power at the site line. Drain tile and terracing are in place, supporting productive ground management, and the current owner indicates a willingness to pay a cash rent amount after harvest to the new owners. The legal description is 27-8-9 S1/2NE1/4 LESS 5AC TRACT & HWY ROW 1.78AC 73.22 AC SOUTH.
The property borders State Highway 66A on the east side. It is located 5.4 miles south of Palmyra, Nebraska, and is described as approximately 20 minutes southeast of South Lincoln. Electrical service is supported at the property line, and rural water service is available. The land has been used in a corn and soybean rotation.
For buyers looking to add acreage to an existing farming operation or to hold land for a future build/acreage site, this parcel provides a largely farmable configuration with existing water and power at the site line. Drain tile and terracing are in place, supporting productive ground management, and the current owner indicates a willingness to pay a cash rent amount after harvest to the new owners. The legal description is 27-8-9 S1/2NE1/4 LESS 5AC TRACT & HWY ROW 1.78AC 73.22 AC SOUTH.
Key Highlights
- 73 +/- acres of gently rolling farm ground in Otoe County, NE, located about 5.4 miles south of Palmyra
- Borders State Highway 66A on the east side and is about 20 minutes southeast of South Lincoln
- 95% farmable with only 3.38 acres of waste; ready for corn and soybean rotation
Property Analytics
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - Gently rolling, terraced dry farm ground with utilities at the property line along State Highway 66A.
Where is this agricultural land / farmland located?
The property is located at South Hwy 66A Palmyra, NE.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: 73 +/- acres of gently rolling farm ground in Otoe County, NE, located about 5.4 miles south of Palmyra; Borders State Highway 66A on the east side and is about 20 minutes southeast of South Lincoln; 95% farmable with only 3.38 acres of waste; ready for corn and soybean rotation
