8 Rainbow LnWaynesboro, VA 22980

This exceptional investment opportunity presents a 14-unit assisted living facility located at 8 Rainbow Ln, Waynesboro, VA 22980. The property, formerly Oak Grove Manor, is situated on a 4.48-acre lot and comprises four one-story buildings totaling 8,156 square feet of net rentable space. Built in 1972, the property features 14 bedrooms across 6 private rooms with a half-bath, 7 private rooms with a full bath, and a private apartment. Amenities include two shower/salon rooms, spacious communal areas, and tranquil outdoor spaces. All rooms are fully furnished, and the sale includes all furniture. Two detached three-car garages offer additional storage. The property is zoned C-2 and has been well-maintained since its closure in 2022. Complete maintenance records, inspections, and a profit and loss statement are available upon request. Given the high demand for assisted living in the area, with local facilities operating with active waiting lists, this property presents a strong potential for immediate return on investment. The property's location offers amazing views and a quiet setting. This turnkey operation is ready for a new owner to open and operate. The asking price is $1,100,000. APN: 058///25/.