8 RAINBOW LN

Waynesboro, VA 22980

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.

Listing courtesy of JONATHAN D STALLARD of KLINE & CO. REAL ESTATE



Listing information is provided by Participants of the Charlottesville Area Association of Realtors®, Greater Augusta Association of Realtors® and Harrisonburg-Rockingham Association of Realtors® MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Charlottesville Area Association of Realtors®, Greater Augusta Association of Realtors® and Harrisonburg-Rockingham Association of Realtors® MLS.
Data last updated at: 2026-05-21 06:53 AM UTC