[5] Its façade displays three busts of the three most famous musicians in the history of classical music: Wagner, Beethoven and Liszt; The hall has neo-classical columns in the Ionic style and the spacious lobby is accessed through two imposing staircases, in the Louis XVI style, made of marble.

The newspaper El Comercio noted the following regarding the first night of the theater: It is a theater that satisfies the most demanding, beautiful, monumental, elegant, with severe elegance, comfortable and spacious; We have never had anything like it in Peru and it is one of the best theaters in South America.It was bought by the Metropolitan Municipality of Lima in 1929 and renamed to its current name through a Mayor's Resolution of June 15 of that year.

The theater was eventually reconstructed following its original structural design, and it was expanded to include additional parking, anti-seismic technology and updated fireproofing.

On April 23, 2008, 10 years after that fateful fire, the Metropolitan Municipality of Lima announced that in 12 weeks the theatre's restoration would begin; Counting on the best architects and restorers in the field, it was expected that at the end of 2009 and beginning of 2010, the new theatre would be inaugurated.

On April 29, 2010, after more than 12 years, a date was set for the completion of the work, the end of 2010.