3,5 Woodsdale Drive, Holiday Island, AR 72631

Property Description

Exceptional Investment Opportunity in Holiday Island, AR Unlock the potential of this commercial property offering multiple income streams. Located in a growing resort community, it includes two major features: 1. Hotel-to-Multifamily Conversion: A 10,500 sq.ft. building, originally a 30-room hotel, is being transformed into 24 studio and 1-bedroom units, with 11 already completed and rented. Ideal for short or long-term rental income. 2. Turnkey Restaurant & Bar: A 4,338 sq.ft. fully equipped restaurant with a commercial kitchen, dining area, and bar. It includes an 832 sq.ft. outdoor deck for events or expanded seating. Above the restaurant is a 2-bedroom, 1-bath apartment for owner use or additional rental income. Both buildings are on a single tax parcel, simplifying management. This property offers incredible versatility and upside in a thriving destination.