Property photo 1
21 photos
ActiveMLS# 67735588 days on market

$749,000

8 Rainbow Ln

Waynesboro, VA 22980

0 BD|0 BA|8,556 SQFT|$87.54/sqft

About This Property

Unique investment opportunity featuring a recently approved change of use for multifamily-assisted living operations for the next two years. Situated on 4.48 scenic acres in Augusta County, this former assisted living facility offers exceptional flexibility for investors, operators, or housing providers seeking residential care, senior housing, transitional housing, or multifamily potential. The property includes approximately 8,156 SF across four buildings with 14 residential units, including: 6 private rooms with half baths 7 private rooms with full baths 1 private apartment for onsite management or owner occupancy Additional features include: Full Generator Commercial-grade kitchen Large communal dining and gathering areas Laundry/shower facilities Private office space Two detached 3-bay garage buildings Furnishings included Property has been maintained since prior assisted living closure and presents significant value-add and operational potential for the right buyer.

Property Details

Property TypeCommercial
Lot Size195,149 sqft
Stories1
Price / Sqft$87.54
Days on Market88
MLS Number677355

Tammy Wiles

Virginia Real Estate Broker

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Est. Monthly Payment

$4,505

P&I: $3,787 | Tax: $531 | Insurance: $187

$749,000
%
%
Loan Amount$599,200
Down Payment$149,800

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

8 Rainbow Ln, Waynesboro, VA 22980

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