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14 Units!! Turn Key!! Vacant!! Price Improvement!

Former Oak Grove Manor Assisted Living

Listing Contacts

Active

Asking Price: $999,000
Earnest Money  Deposit: $10,000 min.
Address 

8 Rainbow Ln, Waynesboro, VA 22980

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Date Added
Mar 4, 2024
Days on Market
376 days
Time Since Last Update
25 days

Details

Property TypeHospitality, Mixed Use, Multifamily, Senior Living, Special Purpose
SubtypeGeneral Agriculture
ClassC
Square Footage8,156
Net Rentable (sq ft)8,156
Units14
Beds14
Year Built1972
Buildings4
Stories1
ZoningC-2
Lot Size (acres)4.48
APN058///25/
OwnershipLTD

Marketing Description

Nestled within the serene ambiance of this picturesque property, this charming assisted living home presents a rare opportunity for prospective buyers seeking a thriving business venture.​ With 23 guest occupancy rate, each exuding comfort and functionality, this establishment is poised to cater to the evolving needs of its residents.​ With 6 private rooms with a ½ bath, 7 private rooms with full bath & a private apartment.​ The property boasts an array of amenities tailored to foster a supportive and enriching environment, including spacious communal areas for social gatherings and recreational activities, 2 shower/salon rooms.​ Its well-appointed kitchen ensures delectable meals are prepared with care, while tranquil outdoor spaces offer moments of relaxation amidst lush greenery.​ Positioned in a quiet location with amazing views, this assisted living facility not only promises a lucrative investment but also the gratification of providing exceptional care and companionship to its residents, making it a truly remarkable opportunity for discerning investors in the senior care industry.​

All rooms are fully furnished and all furniture conveys with property.​ 2 Detached 3 car Garages have additional back up furniture included.​

Investment Highlights

Ready to open! This has been well maintained since its closure in 2022. All maintenance documents, inspections and a pnl is available to view at your request. There is a need in the area as all local assisted living spaces are on an active waiting list.

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Due Diligence

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Listing Contacts


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Broker Information
Broker Name
Jon Stallard
Broker License
VA VA 0225267669
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