Historic Gas Station Operating for a Century Sold for Tens of Millions of Shekels
Translated & summarized from Ice by baba
A historic gas station operating for about 100 years at Nahshon Junction has been sold for 31.5 million shekels. The Neumann family, who managed the station since the British Mandate era, sold it to Dolev Neksasim and Dolev Israel companies. The new owners plan to develop a commercial and dining complex on the site, subject to approvals. The station is located on a central traffic route, Highway 3.
The story in 6 lines · by baba
- A 100-year-old gas station at Nahshon Junction was sold for 31.5 million shekels.
- The Neumann family sold the historic station, which operated since the British Mandate era.
- Dolev Neksasim and Dolev Israel companies, controlled by Lahav LR group, are the new owners.
- The buyers plan to build a 1,500-2,000 square meter commercial and dining complex.
- The station is located on Highway 3, a major traffic artery near Jerusalem.
- The development plans are pending necessary approvals.
A gas station that has been in operation for approximately 100 years, dating back to the British Mandate period, has been sold for 31.5 million shekels. Rivka Neumann and her two sons, Avshalom and Menachem, who managed the station at the Nahshon Junction, sold the property to Dolev Neksasim and Dolev Israel companies, controlled by the Lahav LR group, along with other partners. According to a report in Globes, the buyers plan to expand operations at the site and establish a commercial and dining complex alongside the refueling station. The station is situated on Highway 3 at the Nahshon Junction, a major traffic artery. Previously, the area was part of the main road to Jerusalem before Highway 1 was paved after the Six-Day War and additional gas stations were established along the new route. As part of development plans, the companies are considering building a commercial complex of approximately 1,500 to 2,000 square meters, integrating food, retail, and service businesses. Among the possibilities being examined are a large convenience store from the Menta chain, owned by Dolev Israel, a branch of the Burger King fast-food chain, and a supermarket. Additionally, services for travelers, including a bicycle tour center, are being considered. These plans are still subject to the necessary approvals. Dolev Israel had been operating the gas station under a lease agreement with the Neumann family, which recently concluded.
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