A property in Birmingham is the latest in Nottingham City Council's portfolio to face the axe as part of plans to balance its books.
It comes as part of an independent review of all the council's property assets.
The Labour-run authority has already auctioned off a number of real estate assets worth more than £1.8 million as part of its ongoing transformation programme.
These assets included a telecommunications tower, close to Colwick Woods, which sold to the highest bidder at £180,000 and the freehold for the land occupied by The Ferry Boat Inn in Stoke Bardolph, which fetched £214,000.
The latest in the council's planned asset sales is a property in Garretts Green, Birmingham.
It will generate a "significant capital receipt" that can be used by the council.
An executive board document, which will go before councillors on December 21, reads: "The disposal will mitigate future risks associated with the tenant’s break option, a potential fall in rent or associated void and re-letting costs.
"The disposal will also relieve pressure on the property management team."
The council says it has commissioned an external review of its new investment assets, which sits at a 29-strong portfolio of properties located throughout the UK.
The review has been undertaken by an appointed specialist investment agent and has concluded in a recommendation to sell a number of assets.
Garretts Green is classed as a "priority sale".
The council document adds: "Holding the asset will put the council at financial risk.
"If the tenant chooses to exercise their break option either to negotiate a reduction in rent or to vacate the premises, the council will lose revenue and may incur significant holding costs in the form of void business rates, refurbishment costs, void service charge costs and re-letting costs.
"The sale of the asset will mitigate this risk."
