Published: March 15, 2026  |  MLS#1878744  |  By Christopher Beal, Veteran Real Estate San Antonio: The Beal Group

Rare Double Corner Lot for Sale — 303 Lebanon, San Antonio 78223 | Investment & Build Opportunity Near Downtown

In established San Antonio neighborhoods, double corner lots are genuinely rare — and when they come available cleared, level, utility-ready, and priced at $100,000, serious buyers take notice. 303 Lebanon Street in San Antonio's 78223 ZIP code is that opportunity. This 0.287-acre double lot (MLS#1878744) sits on a prominent corner with dual street access, all utilities available at the street, and a location that puts you minutes from downtown San Antonio via I-37, I-10, and Loop 410.

Interested in 303 Lebanon or other San Antonio investment land? Call Christopher Beal at (210) 882-8583 or visit veteranrealestatesa.com for a consultation.

What Makes This Double Corner Lot a Rare Development Opportunity?

Corner lots on their own carry a premium. Double corner lots — two adjacent lots combined at a street corner — are genuinely uncommon in established urban neighborhoods where subdivision has been happening for decades. Here is what makes 303 Lebanon stand out among available land parcels in the city:

• Double lot configuration — significantly more land than a standard residential lot, giving you creative flexibility that a single lot simply cannot offer
• Corner position — street presence and curb appeal on two sides; ideal for any development design
• Dual street access — two separate entry/exit points expand layout possibilities, potentially allowing a main house entry and a separate garage or ADU entry on different streets
• Cleared and level — no tree clearing, grading, or site prep costs before construction starts
• All utilities available at the street — water, sewer, electric, and gas connections are ready for tap-in, eliminating infrastructure extension costs and delays
• No HOA — no association fees, restrictions, or approval boards to navigate beyond the City of San Antonio's development services process
• Annual property tax of approximately $1,558.17 — extremely low carrying cost while you plan and permit your project

The listing explicitly notes potential for a custom home build, duplex development, or long-term investment — all subject to City of San Antonio zoning and approval. The generous size and dual access make creative design options genuinely viable here.

How Far Is 303 Lebanon from Downtown San Antonio?

Location is everything in land investment — and 303 Lebanon's proximity to downtown San Antonio is one of its strongest assets. With direct access to:

• I-37 (Spur 53) — direct route into downtown San Antonio
• I-10 — east-west corridor connecting to the Medical Center, downtown, and east side
• Loop 410 — the inner city loop for fast cross-city travel
• Southeast Military Drive — major south-side arterial with retail, dining, and commercial services

The lot sits within the broader Brookside subdivision, a well-established south San Antonio neighborhood. Nearby anchors include the Southtown arts district, the San Antonio River Mission Reach Trail (a nationally recognized urban trail along the San Antonio River), and the proximity to the city's eastside growth corridor.

Downtown San Antonio is experiencing a genuine renaissance. According to the San Antonio Report, developers are converting historic buildings into residential communities, with projects like Tower Life Residences and Continental Residences adding hundreds of apartments in the urban core by 2026. This urban activation creates downstream demand for residential product in adjacent neighborhoods — and 78223 sits squarely in that path.

What Does the 78223 Real Estate Market Tell Investors?

Market data from ZIP 78223 validates the investment thesis for this lot. Based on LERA MLS data as of March 2026:

Metric	Value (ZIP 78223)
Homes Sold (Last 6 Months)	183
Median Sale Price	$177,999
Average Sale Price	$189,096
Price Range	$72,432 – $900,000
Avg Price Per Sq Ft	$129.55
List-to-Sale Ratio	100.4% — homes selling at or above asking price
Months of Inventory	5.0
Median Days on Market	62

Based on LERA MLS data as of March 2026, ZIP 78223.

The list-to-sale ratio of 100.4% is a particularly telling number — it means buyers in this ZIP are paying asking price or above, indicating genuine competition for product. This is the environment in which a cleared, build-ready double lot at $100,000 commands serious attention from investors, builders, and owner-builders alike.

What New Construction Activity Is Happening Near 78223?

The 78223 corridor is attracting significant new construction activity from national builders — a reliable signal of long-term market confidence:

• Higdon Crossing — offering new homes from $194,999, with multiple collections available
• Greensfield — new construction from $189,999
• Blue Wing — new homes from $217,900
• Over 107 new construction listings active in 78223 on Realtor.com as of early 2026

These builder projects demonstrate that the market fully supports new residential construction in this area. A custom build on the 303 Lebanon double lot, positioned as a higher-quality product than commodity builder homes, can command premium pricing relative to the median — particularly given the unique corner location and extra land.

San Antonio's approved $4 billion city budget for 2026 includes substantial investment in roads, sidewalks, and community-level infrastructure across the city — improvements that historically drive neighborhood desirability and property value appreciation in exactly the type of established, urban corridor where 303 Lebanon sits.

Who Is This Land Listing For?

303 Lebanon at $100,000 serves multiple buyer profiles with compelling logic for each:

Owner-Builders

Build exactly the home you want on a generous double lot with no HOA restrictions. The cleared, level site means construction can begin quickly after permits are issued. A custom 3-bedroom home built here at the market's average price per square foot ($129.55) for 1,400 sq ft would produce a finished asset valued at approximately $181,000 — plus the lot — potentially doubling your land investment in equity.

Residential Investors & Developers

The double lot and corner position create potential for a duplex — two residential units on one parcel, generating two rental income streams. With San Antonio's strong rental demand (occupancy rates consistently high per CoStar Group data), a duplex in an established neighborhood minutes from downtown is a compelling investment. Subject to City of San Antonio zoning approval for duplex use.

Veterans Using VA Construction Loans

Veterans eligible for VA loan benefits can use a VA construction-to-permanent loan to finance both land acquisition and home construction in a single loan. At $100,000 for the land, a finished primary residence here is achievable well within the 2026 VA loan limit of $832,750. Veterans building a primary home on this lot could position themselves in an accessible South San Antonio location with zero down payment on construction financing.

Land Bankers

At $1,558.17/year in property taxes and no HOA, the carrying cost of holding this lot is minimal. Investors who believe in the downtown adjacency growth thesis can acquire now at $100,000 and hold as the surrounding area appreciates with each new infrastructure investment and urban development milestone.

Veterans: Christopher Beal's Serve & Save program reduces closing costs based on your years of military service. Call (210) 882-8583 to learn how it applies to your land or construction purchase.

Property Details at a Glance — MLS#1878744

Detail	Information
Address	303 Lebanon, San Antonio, TX 78223
MLS Number	1878744
List Price	$100,000 (Original: $110,000)
Lot Size	0.287 acres (double corner lot)
Subdivision	Brookside
County	Bexar
HOA	None
Property Tax	~$1,558.17/year
Status	Active — Price Reduced from $110,000
Schools	Highland Forest Elem | Legacy Middle | East Central HS
Lot Features	Double corner, cleared, level, dual street access, utilities at street
Days on Market	225 (price reduced from $110,000)

What Are the Steps to Move Forward on a Build at 303 Lebanon?

For buyers who are serious about building or developing on this lot, here is the general process:

1. Confirm zoning classification — contact the City of San Antonio Development Services Department to verify current zoning and permitted uses for the parcel
2. Secure financing — for VA construction loans, work with a lender experienced in VA construction-to-permanent products. For investment builds, a construction loan or cash purchase are the typical paths
3. Engage an architect or builder — with the lot secured, work with a licensed architect and general contractor to design and permit your build
4. Connect utility services — utilities are available at the street; your contractor will coordinate tap-in permits and connections as part of the build process
5. Break ground — with a cleared, level lot, construction can begin quickly once permits are issued

Christopher Beal has relationships across the San Antonio builder, lender, and contractor ecosystem and can help connect buyers with the right professionals for any build scenario.

About Christopher Beal — Investment Land & Build Specialist

Christopher Beal is a U.S. Army veteran and founder of Veteran Real Estate San Antonio: The Beal Group at eXp Realty. He holds the Military Relocation Professional (MRP) certification and is a member of VAREP (Veterans Association of Real Estate Professionals, HUD-approved nonprofit).

• SABJ Top 25 Residential Real Estate Teams — #13 (2024), #14 (2025)
• Platinum Top 50 Agent — 3× recipient
• eXp ICON Agent — 6× recipient
• Five Star Professional Award 2026
• 293+ families served | $112M+ career volume

Whether you are purchasing this lot as an investment, planning a custom build, or exploring a duplex development, Christopher's San Antonio market expertise and military relocation specialization provide an edge at every step.

Questions about 303 Lebanon or other San Antonio investment land? Call (210) 882-8583, visit veteranrealestatesa.com, or request a free property consultation today.

Frequently Asked Questions

What is a double corner lot and why is it valuable?

A double corner lot refers to a property that combines two adjacent lots at a street corner, creating a larger parcel with frontage on two different streets (dual street access). This configuration is rare in established urban neighborhoods because most double lots have already been subdivided over the decades. The dual street access expands design flexibility, allows for separate driveway configurations, and increases curb appeal for any new construction. For developers, a double lot on a corner can enable projects that a single-frontage lot could not — such as duplexes with separate entries or main homes with accessory dwelling units (subject to city approval).

What can be built on 303 Lebanon in San Antonio 78223?

Based on the listing description, 303 Lebanon is zoned residential in an established San Antonio neighborhood. Potential uses include a custom single-family home, a duplex development, or a multi-unit investment build — all subject to City of San Antonio zoning approval and applicable permits. The dual street access and cleared, level lot make it well-suited for a variety of layouts. Buyers should confirm current zoning classification with the City of San Antonio Development Services Department before finalizing plans.

Are utilities available at 303 Lebanon?

Yes — all utilities are available at the street for 303 Lebanon. This is a significant advantage because it eliminates the cost and time of extending utility infrastructure to a raw lot. Water, sewer, electric, and gas connections are available at the street level, dramatically simplifying and accelerating the build timeline.

How far is 303 Lebanon from downtown San Antonio?

303 Lebanon in San Antonio 78223 is just minutes from downtown San Antonio, with convenient access to I-10, I-37, and Loop 410. The Southtown arts district and the San Antonio River Mission Reach Trail are nearby. This proximity to downtown makes the lot a compelling investment and owner-builder opportunity in an area experiencing ongoing urban reinvestment.

What is the real estate market like in ZIP 78223?

Based on LERA MLS data as of March 2026, ZIP 78223 has seen 183 homes sold in the past 6 months with a median sale price of $177,999 and an average of $189,096. Notably, the list-to-sale ratio is 100.4%, indicating that homes are selling at or above asking price — a strong signal of demand. The months of inventory stands at 5.0, and the average days on market is 78. New construction activity is active in 78223, with builders including M/I Homes and others offering communities from the mid-$190s to mid-$260s.

Is there new construction activity happening in 78223?

Yes — ZIP 78223 has active new construction from multiple national builders. Communities like Higdon Crossing (from $194,999), Greensfield, and Blue Wing are actively delivering new homes in the area. This builder activity validates the land market and confirms strong demand for new residential product in the 78223 corridor. San Antonio's $4 billion city budget for 2026 includes substantial infrastructure investment that benefits neighborhoods throughout the metro, including south San Antonio.

What schools serve 303 Lebanon in San Antonio 78223?

303 Lebanon is zoned to Highland Forest Elementary School, Legacy Middle School, and East Central High School. Buyers and builders targeting families should verify current school boundaries with the school district, as zoning can be updated. Contact the City of San Antonio or the relevant school district directly for the most current attendance zone information.

How does the $100,000 price compare to new construction values in 78223?

At $100,000 for a double corner lot with dual street access and utilities available, this parcel is priced well below what new construction homes are selling for in 78223. The median sale price in the ZIP is $177,999, and new construction starts at the mid-$190s. A buyer who purchases this land and builds even a modest single-family home is positioned to build significant equity above the land purchase price. For a duplex development, the income potential amplifies the return further.

Can a VA loan be used to purchase this land at 303 Lebanon?

Standard VA home loans are designed for primary residences and do not cover land-only purchases. However, veterans planning to build a primary residence may qualify for a VA construction-to-permanent loan that covers both the land purchase and construction. At $100,000, this lot provides an extremely accessible entry point for a veteran-builder project well within the 2026 VA loan limit of $832,750. Contact Christopher Beal at (210) 882-8583 for VA construction loan lender referrals.

What is the investment thesis for buying land in south San Antonio near downtown?

Downtown San Antonio is undergoing a significant urban renaissance. Developers are converting historic office buildings and hotels into apartment communities, new mixed-use projects are activating city blocks, and San Antonio's 2026 infrastructure budget is driving connectivity improvements across the metro. Neighborhoods adjacent to downtown — including those in the 78223 corridor — have historically followed downtown investment patterns with rising property values. Buying cleared, utility-ready land near downtown at $100,000 positions investors ahead of that appreciation curve.

Ready to explore 303 Lebanon or other San Antonio investment land?
Call Christopher Beal at (210) 882-8583 or visit veteranrealestatesa.com. Veterans — the Serve & Save program reduces closing costs based on your service. Read client reviews or learn about VA loan options.