1000 Van Ness Avenue
1000 Van Ness Avenue, San Francisco, CA 94109
1000 Van Ness Avenue | The Don Lee Building | $34,250,000 ($219/SF)
Own an entire San Francisco city block, a landmark with a Weeks and Day-designed facade, on Van Ness Avenue, the city’s main north-south artery. At approximately 92% leased today, the ±156,043 SF Parcels B and D are anchored by Apple Cinemas, which is renovating its nine-screen theater with luxury recliners and an IMAX with Laser upgrade. They also include a 10-year triple-net Athletic House fitness center, a renewed Ike’s through 2036, and a 31,348 SF Skyline Suite with LOIs in negotiation. Offered at $219/SF, 42% below the $377/SF average of recent comparable sales, the building stabilizes at $2.81M NOI (8.2% cap rate) and steps up to $4.73M as rents reach their contractual and market levels. Hand-delivered upside, a trophy address and a basis well below replacement make this a rare opportunity.
Key features
- 1000 Van Ness sits on the city’s premier north-south corridor, just south of Geary between Geary and O’Farrell, where ±125,000 vehicles pass every day.
- It is across the street from the CPMC Van Ness Campus and surrounded by civic and cultural anchors: City Hall, the courts, UC Law SF, the War Memorial Opera House and Davies Symphony Hall.
- Van Ness/Chinatown ranks #2 of 28 San Francisco retail submarkets for net absorption, with 65,353 SF of positive absorption over the last 12 months and 4.6% vacancy.
- The corridor is being rebuilt for growth.
Building Details
- For Sale $34,250,000
- Property Type Retail
- Property Size 156,043 SF
- Lot Size 25,265 SF
- Cap Rate % 8.2
- NOI / YR $2,806,097.00
- Additional Rent Price on request
- Property Tenancy Multi-Tenant
- Year Built 1921
- Year Renovated 2001
- Date Updated Nov 5, 2026
Reach out to the broker for more info on lease terms and amenities
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Contacts
NAI Norcal
Location
- City San Francisco, CA
- Neighborhood Van Ness - Civic Center
- Zip Code 94109
- Market San Francisco
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Walk score 99/100 Walker's Paradise -
Transit score 98/100 Rider's Paradise -
Bike score 86/100 Very Bikeable
Points of Interest
Eddy Street & Van Ness Avenue
0.15 miles
Eddy Street & Larkin Street
0.19 miles
Eddy Street & Gough Street
0.28 miles
Eddy Street & Hyde Street
0.28 miles
Taxi Stand at Holiday Inn Golden Gateway
0.33 miles
Taxi Stand at San Francisco Superior Court (along Polk Street)
0.33 miles
California Street & Van Ness Avenue
0.38 miles
Eddy Street & Laguna Street
0.42 miles
Taxi Stand at Hotel Kabuki
0.45 miles
Taxi Stand at The Clift Royale Sonesta Hotel
0.51 miles
Shell
0.25 miles
Standard
0.33 miles
EVgo
0.34 miles
Tesla Destination Charger
0.46 miles
Electrify America
0.60 miles
Chevron
0.88 miles
Arco
1.15 miles
76
1.23 miles
Rivian Waypoints
1.41 miles
San Francisco, CA - Geary Boulevard Supercharger
1.47 miles
Sutter Place Garage
0.19 miles
BevMo Parking
0.24 miles
USA Parking
0.25 miles
SP+
0.28 miles
UC Law San Francisco Parking Garage
0.34 miles
Civic Center Garage
0.37 miles
State Garage
0.40 miles
EZ Public Parking
0.41 miles
Butterick Garage
0.42 miles
Performing Arts Garage
0.50 miles
Sutter Fine Foods
0.31 miles
Golden Farmer Market
0.35 miles
Whole Foods Market
0.38 miles
Trader Joe's
0.41 miles
East Mall
0.45 miles
Kintetsu Mall
0.55 miles
New People
0.56 miles
Nijiya Market
0.58 miles
Le Beau Market
0.59 miles
Webster Street Bridge
0.59 miles
Listing Summary
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Property Financials 1000 Van Ness Avenue is currently listed for sale at $34,250,000 for a price per square foot of $219.49.
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Property Details 1000 Van Ness Avenue totals 156,043 square feet of Retail space on a lot spanning 25,265 square feet. The property was initially built in 1921, being last renovated in 2001.
Tenancy at 1000 Van Ness Avenue is listed as Multi-Tenant.
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Area Characteristics 1000 Van Ness Avenue is located in the Van Ness - Civic Center neighborhood.
In terms of ease of commuting, the area has a walk score of 99, indicating that it is perfect for walking.
NAI Norcal
