8 RAINBOW LN Waynesboro, VA $ 749,000
8 RAINBOW LN
$ 749,000
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8 RAINBOW LN

Waynesboro, VA, 22980
$ 749,000
Bedrooms-- Baths-- Sq 8,556

Monthly Estimate*

$ 4,612

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Commercial Property for sale in Waynesboro, VA

for $749,000. This 8,556 square foot building was built on a lot size of 4.48.

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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Commercial Active

Price

$ 749,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

4.48

Town/City

Waynesboro

County/Region

Waynesboro City

MLS | Web ID

677355

List By
Kline & Co. Real Estate

Broker

JON@KLINEANDCOREALESTATE.COM

Email

Affordability Calculator

$4,612
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,612
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/20/2026$749,000 Listed Price

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8 RAINBOW LN, Waynesboro, VA, 22980 is a Commercial Property for sale at $749,000 with 8,556 sqft and a lot size of 4.48. The property's zip code is 22980 which is in Waynesboro, VA