Vacaville’s historic Triangle Building recently hit the market. The iconic downtown building that houses businesses like Ray’s Cycle, Kappel and Kappel, Inc., and other tenants wasn’t on the market for long. An undisclosed buyer is already under contract to purchase the 1898 building.
The asking price for the 8800 square-feet of mixed-use office and retail space was $1.3 million.
The 125-year-old, aptly-named Triangle Building was designed for the triangular-shaped lot on which it sits, located at the corners of Main, Merchant, and Dobbins Streets. Vacaville’s original town grid was intersected when another street, Merchant, was added to connect the town’s commercial area on Main Street to nearby Suisun City, which became a booming hub for transportation and commerce during the California Gold Rush.
Built by Fred Hutton in the late nineteenth century, the building was originally called the Hutton Triangle and housed early tenants such as the telephone exchange, the defunct International Bank of Vacaville, and the longstanding Vacaville Drug Store.
The seller of the building, Ray Posey, acquired the property in the mid-1970s after founding Ray’s Cycle along with his late wife, Nena, a few years earlier. The couple has renovated the historic building, including a seismic retrofitting, over the years.
Improvements and new development is a current priority for the City of Vacaville. The city council adopted their Downtown Specific Plan in February 2022 with the goal of reestablishing the downtown area as the heart of the city. Part of the plan includes streamlining the approval process for residential developments. Nearly $7 million has or will be invested in planned improvements under the plan.
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