Contacts
NAI Norcal
Property Details
- Property Type Retail
- Property Size 156,043 SF
- Lot Size 25,265 SF
- Cap Rate % 8.2
- NOI / YR $2,806,097.00
- Property Tenancy Multi-Tenant
- Year Built 1921
- Year Renovated 2001
- Date Updated Nov 5, 2026
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.
Reach out to the broker for more info on lease terms and amenities
Highlights
- 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.
Attachments
Getting around
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99/100
Walk Score ®
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98/100
Transit Score ®
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86/100
Bike Score ®
Location
- City San Francisco, CA
- Neighborhood Van Ness - Civic Center
- Zip Code 94109
- Market San Francisco
Points of Interest
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Eddy Street & Van Ness Avenue
0.15 miles
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Eddy Street & Larkin Street
0.19 miles
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Eddy Street & Gough Street
0.28 miles
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Eddy Street & Hyde Street
0.28 miles
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Taxi Stand at Holiday Inn Golden Gateway
0.33 miles
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Taxi Stand at San Francisco Superior Court (along Polk Street)
0.33 miles
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California Street & Van Ness Avenue
0.38 miles
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Eddy Street & Laguna Street
0.42 miles
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Taxi Stand at Hotel Kabuki
0.45 miles
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Taxi Stand at The Clift Royale Sonesta Hotel
0.51 miles
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Shell
0.25 miles
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Standard
0.33 miles
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EVgo
0.34 miles
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Tesla Destination Charger
0.46 miles
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Electrify America
0.60 miles
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Chevron
0.88 miles
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Arco
1.15 miles
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76
1.23 miles
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Rivian Waypoints
1.41 miles
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San Francisco, CA - Geary Boulevard Supercharger
1.47 miles
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Sutter Place Garage
0.19 miles
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BevMo Parking
0.24 miles
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USA Parking
0.25 miles
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SP+
0.28 miles
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UC Law San Francisco Parking Garage
0.34 miles
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Civic Center Garage
0.37 miles
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State Garage
0.40 miles
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EZ Public Parking
0.41 miles
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Butterick Garage
0.42 miles
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Performing Arts Garage
0.50 miles
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Ike's Love and Sandwiches
0.04 miles
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Mel's Kitchen
0.05 miles
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Tommy's Joynt
0.07 miles
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Jarin Thia Cuisine
0.09 miles
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Napoli Pizza
0.10 miles
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Maison Danel
0.10 miles
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Zen Yai
0.11 miles
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Irving Pizza
0.12 miles
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Kuma Sushi + Sake
0.12 miles
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Piroo
0.13 miles
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Sutter Fine Foods
0.31 miles
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Golden Farmer Market
0.35 miles
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Whole Foods Market
0.38 miles
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Trader Joe's
0.41 miles
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East Mall
0.45 miles
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Kintetsu Mall
0.55 miles
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New People
0.56 miles
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Nijiya Market
0.58 miles
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Le Beau Market
0.59 miles
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Webster Street Bridge
0.59 miles
NAI Norcal
