An exceptional opportunity awaits at 23 Franklin Avenue, ideally situated in the heart of Sag Harbor Village, moments from Havens Beach, the marina, and within a short distance of the Village's celebrated restaurants, boutiques, galleries, and waterfront. Set on a generous .41-acre parcel, this property offers incredible potential for those looking to renovate, expand, or create a custom new construction residence in one of the Hamptons' most desirable locations. The property currently features a 3 bedroom, 1 bathroom home encompassing approximately 1,500 square feet, along with a detached garage. The existing residence presents an exciting opportunity for transformation, whether through a thoughtful renovation, expanding the current footprint, or potentially adding a second level to create a more spacious Hamptons retreat. Alternatively, the property offers the potential to build a new residence of approximately 4,300 square feet, including a finished lower level, along with a swimming pool, subject to applicable zoning regulations and approvals. Architect drafted conceptual floor plans and site plan ideas are available upon request, offering a glimpse into the possibilities for creating a custom luxury home on this exceptional Village parcel. With its desirable Village setting, substantial property size, and proximity to Sag Harbor's beaches, boating, shopping, and dining, 23 Franklin Avenue presents a rare opportunity for homeowners, builders, and investors alike. Whether restoring the charm of the existing home, expanding to maximize its potential, or starting fresh with a new vision, this property offers the flexibility to create something truly special.