San Diego, California, February 6, 2026
The Spreckels Building and Theatre in downtown San Diego have been listed for auction, presenting a pivotal chance for buyers to revitalize a significant landmark of the city. With a starting bid of $26.5 million, the auction closes on February 19, 2026. The building, known for its architectural beauty and cultural relevance, has remained closed since its sale in 2021. Prospective buyers are encouraged to consider restoration efforts to revive this piece of San Diego’s history.
Historic Spreckels Building Up for Auction in San Diego
Opportunity to Revitalize a Landmark Property
San Diego, California
The historic Spreckels Building and Theatre in downtown San Diego have been listed for auction, marking a significant moment for the landmark property. The building, which includes the renowned Spreckels Theatre, was listed on an online auction platform on February 5, 2026. The auction is set to conclude on February 19, 2026, with a starting bid of $26.5 million. This move comes after the property was sold in 2021, with plans for restoration that have yet to materialize. The current auction presents an opportunity for potential buyers to acquire and revitalize this iconic piece of San Diego’s architectural heritage.
The Spreckels Theatre, designed by architect Harrison Albright, opened in 1912 and was initially intended to host live theater performances. Over the years, it has undergone several transformations, including a conversion to a motion picture house in 1931 and a restoration to accommodate stage productions in the 1970s. The building was added to the National Register of Historic Places in 1975, underscoring its cultural and historical significance. Despite its storied past, the theatre has been closed since its sale in 2021, awaiting the commencement of planned renovations.
Current Condition and Investment Requirements
Potential buyers interested in the property should be aware of its current condition and the need for substantial investment to restore the building to its former glory. The auction provides a unique opportunity to own a piece of San Diego’s rich history, but it also comes with the responsibility of preserving and revitalizing a cherished landmark.
Why This Auction Matters
The auction of the Spreckels Building and Theatre is more than a simple real estate transaction; it represents a chance for local entrepreneurs and investors to engage with San Diego’s vibrant cultural scene. Successful restoration can not only revitalize the property but also enhance the surrounding community, provide local jobs, and contribute to the San Diego County economy. Encouraging private investment in such historic properties often enriches community fabric while also fostering economic growth through tourism and local engagement.
Historical Significance and Architectural Beauty
The Spreckels Theatre’s architectural design, created by the renowned architect Harrison Albright, is a testament to early 20th-century craftsmanship. Its historical significance is recognized nationwide, particularly since it has been included in the National Register of Historic Places. The theatre’s versatility over the years—from a live performance venue to a motion picture house—illustrates the evolving cultural landscape of San Diego and the adaptability of such historic structures.
Next Steps for Interested Buyers
For those looking to participate in the auction, the deadline to place bids is February 19, 2026, with the starting price set at $26.5 million. Prospective buyers should conduct thorough research about the property, anticipate the costs associated with restoration, and consider how best to bring the vibrancy back to the theatre. This investment could not only hold immense personal value but also contribute to the broader community in San Diego.
Conclusion
As the auction date approaches, the opportunity to restore and revitalize the historic Spreckels Building and Theatre becomes increasingly significant. Local entrepreneurs and investors are encouraged to consider the potential impact of such an investment—not just for the property itself but for the community at large. Engaging in this auction could help preserve an essential piece of San Diego’s history while fostering economic growth and entrepreneurial innovation.
Frequently Asked Questions (FAQ)
What is the current status of the Spreckels Building and Theatre?
The historic Spreckels Building and Theatre in downtown San Diego have been listed for auction, with the auction set to conclude on February 19, 2026, and a starting bid of $26.5 million.
When was the Spreckels Theatre originally built?
The Spreckels Theatre, designed by architect Harrison Albright, opened in 1912 and was initially intended to host live theater performances.
What is the current condition of the building?
The building has been closed since its sale in 2021, awaiting the commencement of planned renovations. Potential buyers should be aware of its current condition and the need for substantial investment to restore the building to its former glory.
What is the significance of the building?
The building was added to the National Register of Historic Places in 1975, underscoring its cultural and historical significance in San Diego.
What are the next steps for interested buyers?
Potential buyers interested in the property should participate in the auction, which concludes on February 19, 2026, with a starting bid of $26.5 million. The auction presents an opportunity to acquire and revitalize this iconic piece of San Diego’s architectural heritage.
Key Features of the Spreckels Building and Theatre
| Feature | Description |
|---|---|
| Location | Downtown San Diego, California |
| Architect | Harrison Albright |
| Year Built | 1912 |
| Original Purpose | Live theater performances |
| National Register of Historic Places | Added in 1975 |
| Current Status | Closed since 2021, awaiting restoration |
| Auction Details | Listed for auction with a starting bid of $26.5 million, auction concludes on February 19, 2026 |
Deeper Dive: News & Info About This Topic
HERE Resources
Author: STAFF HERE SAN DIEGO WRITER
The SAN DIEGO STAFF WRITER represents the experienced team at HERESanDiego.com, your go-to source for actionable local news and information in San Diego, San Diego County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Comic-Con International, San Diego County Fair, and San Diego Pride Festival. Our coverage extends to key organizations like the San Diego Regional Chamber of Commerce and United Way of San Diego County, plus leading businesses in biotechnology, healthcare, and technology that power the local economy such as Qualcomm, Illumina, and Scripps Health. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECostaMesa.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HEREMissionViejo.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
