In 1939, a new building was constructed in its location for 800 spectators designed by Nikoghayos Buniatian.

[2][3] Yerevan Circus was privatized in August 2005 and was bought by the circus staff led by Sos Petrosyan for AMD 150 million[1][2] In 2011, Moscow-based Armenian businessman Samvel Karapetyan's announced that his Tashir Group would invest $10 million in the renovation of the Yerevan Circus.

[6][7] The Armenian Ministry of Emergency Situations supervised the demolition process.

The circus animals are now temporarily located at the Yerevan Zoo.

[3] Numerous scenes of the 1963 Soviet film Road to the Stage by Henrik Malyan were shot in the circus building, featuring prominent Armenian clown Leonid Yengibarov.