A multi-purpose retractable drying station comprises a mounting bracket and an elongate main support beam extending from the mounting bracket, the elongate main support beam having a mounting pin that projects through the mounting bracket, the position of the mounting pin in said slots determining a position of the elongate main support beam. The station also comprises a plurality of transverse rods, parallel and spaced apart along the elongate main support beam and mounted thereto, and each transverse rod including a bar serving as a rack for drying articles thereon, the elongate main support beam retracting from a deployed horizontal position to a stowed vertical position.