Mixed-use investment opportunity in the heart of Heber Springs. Originally built in 1882, this historic landmark blends timeless character with modern functionality, offering over 7,000 square feet of income-producing space. The property features 15 studio apartments, a fully operational restaurant leased on an annual basis, lounge and common areas, office space, and on-site coin-operated laundry facilities. With residential occupancy at 100% and established commercial tenancy already in place, this asset provides immediate cash flow while offering future potential. Situated on Main Street within walking distance of shopping, dining, entertainment, and local attractions, the property is ideally positioned to benefit from the area's growing tourism and vibrant downtown atmosphere. Continue operating as a mixed-use investment, expand hospitality, or explore the potential for a boutique hotel. A transferable liquor license is included, creating additional income opportunities. This property offers residential, hospitality, and commercial income in one of Arkansas's premier lake destinations. An exceptional opportunity for investors seeking both immediate returns and long-term value.