Hermann Helmer and Ferdinand Fellner, described as famous Viennese theater architects, designed the original building. It was finished in 1906 and opened on January 3, 1907 with Vazov's The Outcasts. The theater company itself was founded in 1904. The article calls the style neoclassical and names no materials or dimensions.
A fire in 1923 during an anniversary celebration caused extensive damage. The German architect Martin Dülfer reconstructed it in 1929. Bombing in the Second World War was repaired in 1945, and further reconstruction ran from 1971 to 1975, with a restoration in 2006.
It seats 940 across three stages. The facade faces the City Garden in central Sofia and appears on the 50-lev banknote. The article states no formal heritage designation.
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