89-02 165TH ST Queens NY 11432

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.

• Block-Through Historic Jamaica Colosseum Mall
• Built by Macy's — Ideal for an Adaptive Re-use project The 120k SF building was built as a Macys department store in 1947
• In the Heart of Jamaica's Retail District — Near Target, H&M, Burlington Coat Factory, and more
• Large-scale Mixed-Use Development Site — Attractive blockfront site with over 700' of wraparound frontage
• Jamaica Neighborhood Plan Potential — The property currently allows for +/- 300,000 ZFA for a residential/mixeduse project. The rezoning would allow up to +/- 360,000 ZFA for residential or +/- 325,000 ZFA for community facility
• Transit Oriented Development — Walking distance to the F on Hillside Avenue and the E / J / Z on Jamaica Avenue