I have a plot of land on a tarred road close to a state university. I am thinking of what to build on that parcel of land that will be giving me income on a daily basis. I thought of hotel with bar but on a second thought, I felt once students go on holidays, the town will be deserted and business will cease. Students are the main people in that area, apart from students there is a village. I don't want to build hostel there.

Business Centre

Game House

Short stay accomodation

Food Market or Restaurant

Foot ball viewing centre/Snooker/Pepper soup Joint and Gaming centre combined.

If you ask me, hostel or corpers lodge is your best bet in such a community... Aside from during strikes students barely stay off frm school for long. And you collect your rents yearly therefore, you are covered even when students have travelled for hols.

My advice:

Since you don't want to build an hostel.

Build kind of shops at the front, and leave remaining land behind for an open bar and restaurant.
You can include gaming center in one of the shops.

healthserve:
Business Centre

Game House

Short stay accomodation

Food Market or Restaurant

Foot ball viewing centre/Snooker/Pepper soup Joint and Gaming centre combined.

What do you mean by short stay accommodation? Is it a hotel? That is what I am thinking of building there. But I am still considering how lucrative it will be considering the fact that it is a student area. I will also add bar to it as well. What do you guys think?