The Albion Inn in Exmouth has been bought for redevelopment by South West Land Limited.
The freehold property had been closed prior to going on the market, previously trading as a wet-led local inn.
The ground floor features an open plan bar, while owner's accommodation on the first and second floor comprises a three bedroom apartment.
The end terrace building, which dates back to the 19th century, also features a cellar and store room. The property sold for close to the asking price of £179,500 through agent Stonesmith of Exeter.
By Matthew Batham