SOLD – Victoria Mall Petawawa

This 72,000+ Sq Ft, one storey, 16 multi-unit Plaza has been a destination spot within the Town for over 40 years.

This incredible investment opportunity sits on 4 separate land parcels of approx. 8 Acres in total and has 600 foot road frontage. Great visibility and signage with three entrances into a huge 320 space, paved, parking lot.  Easy accessibility on well-maintained town streets just 1 km from Petawawa Boulevard (cheaper tax rate off the boulevard). Petawawa has a very competitive tax structure only outmatched by volume and density of Ottawa’s market assessment. Strategically located on a corner lot, bordering Victoria Street intersection and set just off the south side Canadian Forces Base housing.  A huge apartment complex right next door and townhome development across the street with other surrounding single family home neighbourhoods within walking distance. Good traffic flow down to the Petawawa River and Ottawa River waterfront beach and boat launch.  Largely under-used portions of land for separation, expansion and future development opportunities. Developers can leverage the vacancies to create a unique opportunity for growth, exclusivity, newness and renovating to suit incoming franchise requirements.

The ease and benefits of the evolving, outdoor shopping complex gives investors new strategies for the post pandemic, re-imagined, retail landscape and global trends.

The Town of Petawawa is the largest community in Renfrew County with a population of 17,187. Average Household income in Petawawa continues to increase from $86,048 in 2016 stats. Petawawa’s strong household earnings are affected by the unique partnership with Garrison Petawawa, Canada’s largest military bases. A stable healthy income generally indicates a strong quality of life and disposable incomes which likely have a positive effect on local commerce. Source: Statistics Canada: 2016 Census Profile, 2011 National Household Survey.

Top industry sub-sectors for residents of Petawawa are also Chalk River’s Canadian Nuclear Laboratories facility employing over 3,000 and located just 30 km from the Victoria Mall. 

 

 

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