A 132-year-old heritage-listed Brisbane theatre is looking for a new owner.

Princess Theatre at Woolloongabba, which was originally built for prominent Brisbane

solicitor Phillip Hardgrave in 1888, has been owned by a Christian church for the past 13 years.

Princess Theatre at Woolloongabba is up for sale.

The 500-seater theatre was first named the South Brisbane Public Hall and was designed to host balls, plays, musical performances and other public meetings.

Over the years, it has been bought and sold several times and been used as a clothing factory, a movie house and also to host the rehearsals and administration for the US Entertainment Unit during World War II.