The construction of the building, which spreads over 3,200 m², began in 1909 after the design of architect Naum Torbov was selected in 1907, and took two years to complete.

The market hall building's interior was significantly altered after the 1950s and the market was closed in 1988 in order to be reconstructed, modernized and once again opened for Easter in 2000, after 75% of it was acquired by the Israeli company Ashtrom, who invested $7 million in it.

[1] Today the Central Sofia Market Hall houses a supermarket and only a few other shops.

[1] The style of the building, which is regarded as Torbov's best work,[2] is Neo-Renaissance, featuring also elements of Neo-Byzantine architecture and Neo-Baroque.

The façade is known for its relief of the coat of arms of Sofia above the main entrance created by the artist Haralampi Tachev.