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Investment Highlights

  • Back Up Generator, Sprinkler System, 2- 3 Car Garages
  • Salon, 2 Shower Rooms, 3 Gathering Rooms, Dining Room, Commercial Kitchen, Laundry, Office
  • 6 Beds with 1/2 Baths, 7 Beds with full Baths, Master Suite with full Kitchen

Executive Summary

Recently approved for multifamily-assisted living use, this unique investment opportunity offers flexible residential housing potential on 4.48 scenic acres in Augusta County. The property includes approximately 8,156 SF across multiple buildings with 14 residential units, communal living areas, commercial-grade kitchen, office space, and detached garage/storage buildings.
Unit mix includes:
6 private rooms with half baths
7 private rooms with full baths
1 private apartment for onsite management or owner occupancy
Property features include large gathering areas, laundry/shower facilities, landscaped grounds, and furnishings included with sale. Ideal opportunity for residential care operators, transitional housing, senior housing, congregate living, or other approved residential housing uses.

Property Facts

Price $1,029,748 CAD
Price Per Bed $42,906 CAD
Sale Type Investment
Property Type Health Care
Property Subtype Assisted Living
Lot Size 4.48 AC
Building Size 8,156 SF
No. Beds 24
No. Stories 1
Year Built 1972
Parking Ratio 1.72/1,000 SF
Zoning A - General Ag

Amenities

  • Wheelchair Accessible
  • Smoke Detector
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
058-25
Land Assessment
$130,271 CAD
Improvements Assessment
$987,574 CAD
Total Assessment
$1,117,845 CAD
  • Listing ID: 40566848

  • Date on Market: 2026-05-18

  • Last Updated:

  • Address: 8 Rainbow Ln, Waynesboro, VA 22980

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