Cruscoe Hotel has been brought to market on the instructions of its joint administrators, Paul Dounis and Gareth Harris.
The Lower Largo site has ceased trading and is offered for sale with all fixtures and fittings included.
The hotel features a lounge and public bars, a first-floor restaurant and 16 en-suite letting rooms including two suites.
While the title does not include the nearby pier, Christie and Co said there is “scope for development of this area to provide an external seating area or similar, to take advantage of the coastal views”.
The property also has a “unique” trading position overlooking the small fishing harbour within the village of Lower Lago in the East Neuk of Fife, with views over the Forth of Firth south towards East Lothian.
The area is reportedly popular with golfers, with numerous championship grade courses within the county. In addition, Lower Largo is only 13 miles south of St Andrews, with other golf courses including Carnoustie, Kingsbarns, Leven and the newly opened Dumbarnie Links.
Stuart Drysdale, director at Christie and Co is handling the sale and said: “The Crusoe Hotel is a long-established small hotel which enjoys a prominent position in the village with extensive coast and sea views.
“Significant interest has been registered already and expect this to continue. We aim to be setting a closing date for offers in mid-late October.”