Powell River Power Centre 3 Retail Properties Offered at $16,420,194 in Powell River, BC

Lennard Commercial is pleased to present the opportunity to acquire Powell River Power Centre, a premium retail investment asset located in the central business hub of Powell River. The property offers stable income with low management requirements and strong upside potential through rent growth on lease renewals. The asset consists of three separate retail buildings totaling approximately 105,405 square feet of leaseable area on 8.11 acres. The offering includes a strong roster of national tenants and is fully occupied. Prospective purchasers are invited to submit offers through Lennard Commercial Realty, with offers reviewed as received. The site features excellent exposure along Joyce Avenue, the main commercial corridor, and benefits from strong co-tenancy and proximity to the Powell River Town Centre regional shopping mall.
Powell River Power Centre consists of three retail buildings totaling approximately 105,405 square feet on 8.11 acres along Joyce Avenue in Powell River’s primary commercial node. The property includes a 31,150-square-foot Canadian Tire building, a 39,300-square-foot multi-tenant building occupied by Staples, Dollarama, Pet Valu, and Mark’s Work Warehouse, and a 34,952-square-foot building anchored by Rona with additional second-floor office space occupied by Canadian Emergency Medical Services. The buildings feature concrete foundations, steel frame construction, and a mix of metal paneling, architectural concrete block, and precast finishes. The fully paved site offers over 340 parking stalls, site lighting, and strong signage, including a Canadian Tire pylon. The location benefits from proximity to Powell River Town Centre, draws regional shoppers, and offers convenient access to the airport and ferry terminal.