The property that once housed MegaMart’s Montego Bay operations at Catherine Hall has been listed for sale at US$15.09 million, equivalent to approximately J$2.41 billion, the Jamaica Observer reported on 25 July 2026 — nearly eight months after the retailer closed its doors at that location.
The listing places one of Montego Bay’s most recognisable commercial sites back into an active market at a time when the Catherine Hall corridor is seeing significant investment activity. The same general area already hosts the recently announced $700-million Hive sports and wellness complex, the Bogue Industrial Estate — currently undergoing an $84-million infrastructure upgrade — and is close to the Sangster International Airport tourism catchment zone.
What the Property Is
The Catherine Hall site operated as one of MegaMart’s flagship retail locations, serving the greater Montego Bay consumer market for many years. The property offers significant commercial floor space, established infrastructure, road frontage, and parking — the basic requirements for large-format retail, logistics, light industrial, hospitality, or mixed-use redevelopment.
At US$15.09 million, the asking price positions the site as a substantial commercial asset — comparable in scale to other major commercial transactions that have defined the Montego Bay market in recent years, including the former Jamaica Gleaner building in Kingston which sold above its US$8.54 million valuation in July 2026.
Who Might Be Interested
The Catherine Hall location and the scale of the asset make it relevant to several categories of buyer. Large-format retail operators looking to expand in western Jamaica would find a site with existing infrastructure and proven commercial traffic. Hotel or serviced apartment developers would find proximity to the airport and tourism corridor attractive. Logistics and distribution operators — particularly relevant given Jamaica’s push to develop a Tourism Supply Logistics Centre nearby — could see the site as well-positioned for last-mile or regional distribution.
The site could also attract interest from investors looking at mixed-use redevelopment — combining retail, residential, and commercial uses in a format consistent with the densification trends seen across Kingston and Montego Bay’s commercial property markets.
Catherine Hall’s Rising Commercial Profile
The MegaMart listing comes as Catherine Hall’s commercial property market is becoming increasingly active. The appointment of Different Capital as REIT manager for The Hive earlier this month, the Bogue Industrial Estate infrastructure upgrade, and continued hotel and retail investment in the broader Montego Bay economic zone all contribute to a corridor that is attracting institutional-quality investment attention.
For commercial property investors watching western Jamaica, the MegaMart Catherine Hall site is one of the more significant opportunities to emerge this year. The combination of location, scale, and the precedent of other large-format commercial sales in Jamaica’s two main economic centres suggests that a credible offer in the US$13–15 million range — depending on buyer profile and intended use — is commercially realistic.
Source: Jamaica Observer, 25 July 2026
Visit our YouTube Community ↗