By Mike Hazlip—
A large, partially renovated commercial building in Citrus Heights with visibility from Interstate 80 is back on the market, with the listing noting potential for a movie theater, gym or grocery tenant.
The 60,034 square-foot building at 8501 Auburn Blvd. that was once home to K-mart is now listed on commercial real estate site LoopNet. The property is listed by Colliers for sale or lease, and no price is listed for the asset.
Messages left with the Colliers listing agent on Thursday were not returned by press time.
A listing at Colliers.com shows a total of three parcels make up the 4.58-acre site. A brochure describes the site as “currently in cold shell condition. Project is in process of movie theater specific buildout.”
The listing shows an adjacent former Big Lots store and most of the front parking lot facing Auburn Boulevard are not included in the offering, but 300 parking spaces located to the south of the building are included.
The site was slated to become a Studio Movie Grill until the theater chain filed bankruptcy in October of 2020. The company exited bankruptcy about six months later, according to a 2021 announcement by the Dallas-based chain.
The Sentinel previously reported that another theater chain had plans to develop the site, but the name of the potential tenant was never disclosed. STORE Capital acquired the building in 2021, with the company’s website saying it focuses on long-term investing with purchases made in cash and properties turned around for leasing to tenants.
As previously reported, the partially renovated, abandoned building has been vacant since 2016, when the Citrus Heights Kmart store liquidated its inventory and closed its doors. Plans for a Studio Movie Grill began to take form in 2017, but later fell through.
The building was first constructed in 1972 and has a renovation date of 2020 listed.
