Jamaica Colosseum Mall 89-02 165th St 120,000 SF Vacant Retail Building Jamaica, NY 11432 For Sale

RIPCO Real Estate is pleased to present the Jamaica Colosseum Mall — a rare opportunity to purchase or lease a prominent, full-block retail property at 89-02 165th Street, located in the vibrant core of Downtown Jamaica.
This two-and-a-half-story commercial building spans approximately 122,500 SF on a ~50,000 SF lot, offering exceptional wraparound frontage along both 164th and 165th Streets, between 89th Avenue and Jamaica Avenue. Originally developed by Macy’s in 1947, the property’s scale, visibility, and prime location make it ideal for adaptive reuse or large-scale redevelopment.
Strategically positioned just blocks from major transit hubs — including the E, F, J, Z subway lines, Jamaica LIRR, JFK AirTrain, and the Jamaica Bus Terminal — the site enjoys an AADT of 54,105 and seamless access to Manhattan, Brooklyn, and Long Island. The property is surrounded by a strong lineup of national retailers, including Target, Aldi, Raising Cane’s, Starbucks, and more, and is within close proximity to York College, JFK International Airport, and Jamaica Center — placing it squarely within one of Queens’ most active commercial districts.
Zoning currently allows for nearly 300,000 buildable SF, with the potential to increase to ±360,000 buildable SF under the proposed Jamaica Neighborhood Plan, offering flexible options for residential, commercial, or community facility development.
The Jamaica Colosseum Mall presents a truly unique opportunity for investors, developers, or anchor tenants to shape the future of a high-growth neighborhood undergoing transformative change. Contact our exclusive agents today for offering details or to explore leasing options.