As an important part of urban vitality, street vitality is an external manifestation of street economic prosperity and is affected by the built environment and the surrounding street vitality. However, existing research on the formation mechanism of street vitality focuses only on the built environment itself, ignoring the spatial spillover effect on street vitality. This study uses 5290 street segments in Shenzhen as examples. Utilizing geospatial and other multisource big data, this study creates spatial weight matrices at varying distances based on different living circle ranges. By combining the panel threshold model (PTM) and the spatial panel Durbin model (SPDM), this study constructs a spatial autoregressive threshold model to explore the spatial nonlinear effects of street vitality, considering various spatial weight matrices and thresholds of construction intensity and functional diversity. Our results show the following: (1) Street vitality exhibits significant spatial spillover effects, which gradually weaken as the living circle range expands (Moran indices are 0.178***, 0.160***, and 0.145*** for the 500 m, 1000 m, and 1500 m spatial weight matrices, respectively). (2) Construction intensity has a threshold, which is 0.1466 under spatial matrices of different distances. Functional diversity has two thresholds: 0.6832 and 2.2065 for the 500 m spatial weight matrix, and 0.6832 and 1.4325 for the 1000 m matrices, and 0.6832 and 1.2724 for 1500 m matrices. (3) As an international metropolis, street accessibility in Shenzhen has a significant and strong positive impact on its street vitality. This conclusion provides stakeholders with spatial patterns that influence street vitality, offering a theoretical foundation to further break down barriers to street vitality.