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$ 749,000
Est. payment /mo
Active
8 RAINBOW LN Waynesboro, VA 22980
8,556 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 8,556 sqft
Price per Sqft $87
MLS Listing ID 677355
HOA Y/N No
Tax Year 2027
Lot Size 4.480 Acres
Acres 4.48
Property Sub-Type Building
Property Description
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.
Location
State VA
County Augusta
Zoning GA General Agricultural
Direction From I-64, take Exit 94 toward Waynesboro/Lyndhurst. Follow Route 340 South approximately 6 miles, turn left onto Hildebrand Church Rd, then right onto Rainbow Ln. Property is located on the right.
Interior
Fireplace No
Exterior
Total Parking Spaces 24
Building
Level or Stories One
Others
Tax ID 058///25/
Listed by KLINE & CO. REAL ESTATE