The former Tantons Hotel in Bideford is going under the hammer this month, after being severely damaged in a fire in 2011.
On May 31, 2011, 55 people had to be evacuated from Tantons Hotel after flames tore through the building, resulting in four guests having to be rescued from the roof.
The iconic former hotel, situated on the riverside of Bideford, is now being offered for “development opportunities" at a guide price of between £65,000 and £100,000.
The grade two listed building is set over three and four floors in two buildings and previously comprised approximately 50 bedrooms.
Prior to the hotel being listed for auction, the property was put up for sale in 2013 and attracted interest from housing developers and hoteliers.
Scott Gray, auctioneer and regular on BBC's Homes Under The Hammer, said: "This is a substantial and iconic building with vast potential.
"It is in a prime position in the town centre occupying a large swathe of the riverside.
"The sheer size and scale of this former hotel, which has undergone partial refreshment works, will surely offer graphic scope and potential for a variety of commercial or residential development schemes subject to the necessary consents being gained."
The auction will take place on Thursday March 27 at 11am at the St Mellion International Resort, St Mellion, Cornwall.