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.
Listed By
Agency Name: KLINE & CO. REAL ESTATE
Agency Phone: 540-946-4000
Shown By
Agent Name: Carl Broyles
Agent Phone: (540) 718-3599
Agency Title: Montague Miller & Co. Realtors
8 Rainbow Ln | MLS# 677355
This commercial property located at 8 Rainbow Ln, Waynesboro, VA 22980 is currently listed for sale with an asking price of $749,000. Search Waynesboro real estate on cbroyles.montaguemiller.com today.