New to the market and offered for sale for the first time in 40 years! Prime location in the center of Belmar just 1.5 blocks from the beach, 2 blocks from Silver Lake, and 4 blocks from Belmar's booming downtown shops, restaurants, and breweries! This is a proper 50' x 150' lot size for great expansion or rebuilding options! NOT a flood zone! Current home is a 2-Family Home with a 4BR/1.5BA apartment on the 1st Floor; and an identical 4BR/1.5BA apartment on the 2nd Floor. Use both for personal beach house; or use one and rent out the other, rent out both, or build your dream home on this generous sized lot! Each unit has consistently gotten $25,000-$30,000 every summer, and $2,000/mo in winter (potential $80,000-$90,000 total yearly income). Unique opportunity with lots of options!