Assisted Living Conversion
8 RAINBOW LN Waynesboro, VA 22980
8 RAINBOW LN, Waynesboro, VA, 22980
$749,000
For Sale
$749,000
Former assisted living facility with four buildings and 14 residential units, on 4.48 acres in Augusta County.
Property Size8,556 SF
Lot Size4.48 Acres
Price / SF$87.54
Days on Market63
Property Features for 8 RAINBOW LN
General Information
- Standard status
- Active
- Size
- 8,556 SF
- Lot size
- 4.48 Acres
- Property subtype
- Commercial
Listing Agency
KLINE & CO. REAL ESTATE
(540) 946-4000
Listed by
JONATHAN STALLARD
Source
Corcoran
Added: May 20 Updated: Jul 20 at 4:21 pm Checked: Jul 20 at 4:21 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KLINE & CO. REAL ESTATE
Investment Insights
Based on property information with market context.
This former assisted living facility is available as an investment with a recently approved change of use for multifamily-assisted living operations for the next two years. The property includes approximately 8,156 SF across four buildings with 14 residential units, consisting of private rooms with half baths and private rooms with full baths, plus a private apartment for onsite management or owner occupancy. Supporting improvements include a generator, a commercial-grade kitchen, communal dining and gathering areas, laundry and shower facilities, and private office space.
Additional amenities include furnishings included and two detached 3-bay garage buildings. The property has been maintained since the prior assisted living closure and is situated on 4.48 acres in Augusta County.
The current unit mix offers a combination of private rooms and a management/owner apartment within a multi-building setting, along with practical back-of-house and common area components designed for residential care operations.
Additional amenities include furnishings included and two detached 3-bay garage buildings. The property has been maintained since the prior assisted living closure and is situated on 4.48 acres in Augusta County.
The current unit mix offers a combination of private rooms and a management/owner apartment within a multi-building setting, along with practical back-of-house and common area components designed for residential care operations.
Key Highlights
- Recently approved change of use for multifamily‑assisted living operations for the next two years
- Former assisted living facility with approx. 8,156 SF across four buildings and 14 residential units
- Unit mix: 6 private rooms with half baths, 7 private rooms with full baths, and 1 private apartment for on‑site management or owner occupancy
Property Analytics
Location Intelligence
Current Use by Public Records
Oak Grove Manor
Community Center
Similar For Sale Nearby
FAQs
What type of property is this?
Assisted living facility - Former assisted living facility with four buildings and 14 residential units, on 4.48 acres in Augusta County.
Where is this assisted living facility located?
The property is located at 8 RAINBOW LN Waynesboro, VA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Recently approved change of use for multifamily‑assisted living operations for the next two years; Former assisted living facility with approx. 8,156 SF across four buildings and 14 residential units; Unit mix: 6 private rooms with half baths, 7 private rooms with full baths, and 1 private apartment for on‑site management or owner occupancy
