The 80,000 square-foot building at the Palace of Fine Arts rents for $490,000 a year.
It could take a year or two to find a suitable tenant with requests for proposals going out this spring.
The San Francisco Chronicle reports: The San Francisco Recreation and Park Department wants to keep the theater there now in place, but leaders of the Maybeck Foundation named for the building's famed architect will analyze potential new uses for the facility.
