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8 Rainbow Ln

WAYNESBORO, VA 22980
  • $749,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 677355
UPDATED: 103 min ago
$749,000
  • 0
    BEDS
  • 4.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Area:

School Ratings & Info

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.

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Listing information © 2026 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2026-06-16T00:12:29.72.
www.klineandcorealestate.com/homes/176681615
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8 Rainbow Ln WAYNESBORO, VA 22980

  • Price: $749,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 103 min ago
  • MLS #: 677355
0
Beds
0
Baths
0
½ Baths
4.48
Acres
Neighborhood:
Augusta
Area:
Augusta
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.
Interior Features

Levels One

Property Features

Building Area Total 8556 Lease Considered YN No Possible Use Hotel / Motel Medical / Dental Property Sub Type Building Sale Or Lease Indicator For Sale Tax Year 2027 Zoning Description GA General Agricultural

Listing provided courtesy of KLINE & CO. REAL ESTATE: 540-946-4000.


Listing information © 2026 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2026-06-16T00:12:29.72.
 
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Kline & Co Real Estate
2503 Jefferson Highway
Waynesboro VA, 22980