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Jeff Konstant
REALTOR®
(540) 908-1877
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8 Rainbow Ln, Waynesboro, VA 22980

$749,000
  • 8 Rainbow Ln, Waynesboro, VA 22980 Main Photo

21 Total Photos [Click to View All]

Active
MLS#677355
STATUSActive PROPERTY TYPECommercial - Business

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.

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 jkonstant.massanuttenrealty.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 4.48 Acres
Property Type: Building

Feature Descriptions

Days on Site: 12
Lot Dimensions: 4.48 Acre(s)
Property Use: Lodging, Medical

Listed By / Shown By

Listed By

Agency Name: KLINE & CO. REAL ESTATE
Agency Phone: 540-946-4000

Shown By

Agent Name: Jeff Konstant
Agent Phone: (540) 908-1877
Agency Title: Massanutten Realty

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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. Information on this site was last updated 06/01/2026. The listing information on this page last changed on 06/01/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 06/01/2026 4:47:29 PM EST) or CAAR MLS (last updated Mon 06/01/2026 4:40:09 PM EST) or Staunton MLS (last updated Mon 06/01/2026 4:40:21 PM EST) or HRAR MLS (last updated Mon 06/01/2026 4:44:26 PM EST). Real estate listings held by brokerage firms other than Massanutten Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: Massanutten Realty, LLC licensed in the Commonwealth of Virginia since 1986


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