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Portion of Grand Oaks Shopping Center listed for sale

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Grand Oaks Shopping Center
Grand Oaks Shopping Center is located on Auburn Boulevard, near Grand Oaks Boulevard. // M. Hazlip

By Mike Hazlip—
A five-acre portion of the Grand Oaks Shopping Center on Auburn Boulevard has been listed for sale at $3.95 million, according to commercial real estate listing site LoopNet.

Seven suites from 7921 through 7959 Auburn Blvd, between Dollar General and a bingo hall, are listed at 28,928 square feet, with three current tenants. A marketing brochure says the property is available for sale or lease and shows four suites are available, ranging from about 12,000-square-feet to just under 2,000-square-feet.

A floor plan for the largest space shows several rooms, bathrooms, and a kitchen area. The property has a mix of office/retail, retail, and restaurant uses, along with a large portion of the parking lot.

Listing agent Michael Yarmolyuk said plans are under way to make repairs in an effort to make the property more aesthetically appealing.

“The landlord and the ownership are going to clean it up a little bit,” he said. “Pressure wash, put new windows in the front where it’s broken.”

Yarmolyuk said he is currently in the process of signing a lease for a new tenant. Although he declined to give the tenant’s name, Yarmolyuk said it is an appliance dealer.

The asset has been on the market for less than two months, according to Yarmolyuk, and he hopes to see interest from long-term tenants.

Phase two of the Auburn Boulevard Revitalization Project is set to extend from Grand Oaks Boulevard to Orlando Avenue. Yarmolyuk was unsure how the project might affect potential tenants.

Related: City shares update on $23M plan to revitalize Auburn Boulevard corridor

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