The Brookside in Duckworth Street, Darwen, Lancashire was until recently well known for its popular poker nights, before being put up for sale.
According to agents at London-based Paramount Investments, the £125,000 asking price has been low enough to tempt business people outside the pub trade.
But Dave Hollings, Sunnyhurst ward councillor, says The Brookside, which had been open for decades before its closure, should only be sold to another brewery or independent publican.
He urged the property agents to consider dropping the price further.
Paramount managing director Mark Greig said: “As no publican or pub company has stepped forward to save The Brookside, it may cease to be a pub at all.”
The firm reports an increase in sales of pubs as entrepreneurs, property developers and even community groups have been taking advantage of rock-bottom pub property prices in recent months.
Pubs are being converted into restaurants, shops, offices and flats as investors seek to maximise their returns.
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