Flaxmere Village Shopping Centre remains unsold after two months on the market.
Agent Philip Searle, from Property Brokers Gisborne, said a "significant number" of genuine inquiries were received since it was placed on the market in July but none that were satisfactory for the vendor.
The property has a current rateable value of $5.6 million.
Searle said they were currently working with other potential purchasers.