The Crown, which is in Bristol city centre, has been run by husband and wife Shelley and Paul Kemp for the past five years, but their lease comes to an end on March 11 and will not be renewed.
Bristol Live says the boozer was loved for its atmosphere, reasonably priced food and drink and association with rock music.
Gigs were held in the hidden subterranean event space underneath the main bar. The room had a capacity of 100 alone.
Legend has it the space was once where patrons from The Crown and neighbouring Rummer met up to fight, but in more recent times – before the first lockdown began – it was used for live events including music and comedy.
Photos show two narrow and low arches leading through to the main stage area.
Alcoves on each side of the room show booths where, prior to the pandemic, metalheads would gather and enjoy performances.
But The Crown was also popular with punters hoping to catch some live sport in the centre thanks to its eight screens showing BT and Sky Sports, which could be watched while tucking into some bargain food.
The building was constructed in 1741, based on designs by architect John Wood.
Now, property consultants James A Baker, based in nearby Bath, have marketed the pub as a hidden gem.
The website describes it as a “high quality opportunity to further develop both wet and dry trade” at a “charming Grade II listed Georgian pub”.
Shelley and Paul, who used to run The Globe in Moorgate, London, declined to comment when contacted by Bristol Live.
The couple will continue to run their other hospitality business in Bristol, Beerd on St Michael’s Hill.
The Crown is listed on Rightmove.