Chariots Spa on Albert Embankment near Vauxhall Cross closed three years ago at the first Covid-19 lockdown and the company later went into liquidation.
Now an unnamed company has submitted a licensing application to Lambeth Council to turn the two empty railway arches into an "immersive spaceship experience".
Details of the proposal are scarce, but the application describes the new venue as "an immersive game or competitive socialising experience" which would be open daily from 10am to 1.30am.
The application can be viewed online and representations can be sent to Lambeth Council's licensing team until Thursday 4 May.
The proposed spaceship venue is part of a growing trend for 'experiences' such as the Immersive Gamebox in Scoresby Street and the Plonk crazy golf venue at London Bridge, as well as the forthcoming karaoke bar at Waterloo Station.