Located just three miles from Edinburgh city centre, the building is hoped to help make Scotland a global leader in film.
Screen Scotland, has launched a tender process for a developer to lease, refurbish and run the "big blue shed" port building. Screen Scotland said the studio could be up and running by the end of 2019.
We know the appetite is there for more space and we are feeling that both from the local industry and the global industry...an extremely significant step forward...Isabel Davis, Executive Director, Screen Scotland
They hope the 160,000 sq ft space will include up to five sound stages, workshops, production areas and an extensive backlot.
Executive director Isabel Davis said she was excited about its potential. She said: "The site itself is enormous. At its highest point it is 100ft tall..."