226 & 228 W WASHINGTON STREET, Madison, GA 30650
- Added:
- May 10, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 226 & 228 W WASHINGTON STREET
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Standard status
- Active
- APN
- M09 BO 013 226
- Size
- 2,295 SF
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump, Central Air, Electric
Building Details
- Flooring type
- Vinyl
- Roof type
- Metal
Listing agent Traci Nelson License #356057 (706) 818-4168
Listing office Ansley Real Estate Christie's GA (706) 995-7500
Listing date May 10, 2026
Copyright © 2026 Lake Country Board of Realtors, Inc (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Units 226 & 228 combined to create over 2,200 sq ft of commercial space
- 31 feet of storefront window exposure and lots of natural light
- Vaulted ceilings and upstairs lofted square footage for private offices or executive suites
- Updated with LVP (vinyl plank) flooring
- Fully equipped kitchen with an ST appliance package
- Metal roof with heat pump heating and central air electric cooling
Overview
The property is located at 226 & 228 W Washington Street in Madison, Georgia, within Madison Markets in the heart of historic Madison. The listing describes the surrounding area as home to nearby local staples including Town 220, The James Madison Inn, Oconee Coffee Roasters, and Madison Markets Antiques & Interiors. The property is offered with Commercial zoning.
This layout is designed for tenants and operators who want both street-facing visibility and usable interior flexibility. The combination of storefront exposure and lofted office or creative space can support a range of concepts, including retail-oriented services, professional offices, and creative or executive environments, with the on-site kitchen supporting day-to-day workflow for in-office meetings or light hospitality needs.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.4k | $21.96 |
| − Vacancy | −$4.3k | −$1.87 |
| EGI | $46.1k | $20.09 |
| − OpEx | −$13.8k | −$6.03 |
| NOI | $32.3k | $14.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Madison
- County
- Morgan
- State
- Georgia
- Longitude
- -83.470793
- Latitude
- 33.596915
