The Waterside, said to be popular with locals and visitors to the former weaving town, was built in the 1980s and comprises a 50-seat lounge bar with fireplace and a 60-cover restaurant with beamed ceiling.
There’s also a large beer garden and children’s play area.
The business, which has been family-owned for the past nine years, is described as the “centrepiece” of Strathaven’s Gala Week celebrations.
George Nisbet, a partner at DM Hall’s Edinburgh office, which is marketing the business, said The Waterside is “at the heart of the community”.
“Pub/restaurants such as The Waterside are more than just sound commercial investments,” he said.
“The Waterside, with its unique location and excellent food and drink offer, has been host to the high points of Strathaven’s social calendar as well as providing a hearty Lanarkshire welcome to the ever-increasing number of day visitors to the town.
“Opportunities such as this appear on the market rarely and the successful bidder will be taking on a business which is warmly regarded in Strathaven and the surrounding area.”