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Executive Summary
The subject property is a premier retail investment asset located in the heart of downtown Shreveport’s Central Business District. Constructed during the early 20th-century commercial boom (circa 1920), the building is a well-preserved example of the era's industrial architecture. The structure is characterized by its original cast-iron columns and windowsills, manufactured locally by W.K. Henderson Iron Works, a historical staple of the region's industrial core.
Currently, the property is 100% occupied by The Noble Savage, a long-standing restaurant and tavern that has become a localized destination for high-quality cuisine and live entertainment. The asset maintains its original footprint and structural integrity, offering a versatile floor plan that supports its current hospitality use while providing a foundation for long-term adaptive reuse.
Location & Market Drivers: Situated on Texas Street—the primary commercial spine of downtown Shreveport—the property occupies a strategic position on the Commercial Historic Row. The site is centrally located between the Central Business District and the Cultural Arts District, ensuring visibility and engagement across multiple demographics.
Employment & Civic Anchors: The property is in immediate proximity to the Caddo Parish Courthouse, Government Plaza, and Southern University.
Economic Density: The surrounding area supports over 1,500 businesses and a dedicated daytime workforce of approximately 14,000 employees, providing a consistent consumer base.
Regional Connectivity: The location offers superior logistical access to major transportation arteries, including Interstates 20 and 49, and is minutes away from the LA Boardwalk and the Bossier City market.
Currently, the property is 100% occupied by The Noble Savage, a long-standing restaurant and tavern that has become a localized destination for high-quality cuisine and live entertainment. The asset maintains its original footprint and structural integrity, offering a versatile floor plan that supports its current hospitality use while providing a foundation for long-term adaptive reuse.
Location & Market Drivers: Situated on Texas Street—the primary commercial spine of downtown Shreveport—the property occupies a strategic position on the Commercial Historic Row. The site is centrally located between the Central Business District and the Cultural Arts District, ensuring visibility and engagement across multiple demographics.
Employment & Civic Anchors: The property is in immediate proximity to the Caddo Parish Courthouse, Government Plaza, and Southern University.
Economic Density: The surrounding area supports over 1,500 businesses and a dedicated daytime workforce of approximately 14,000 employees, providing a consistent consumer base.
Regional Connectivity: The location offers superior logistical access to major transportation arteries, including Interstates 20 and 49, and is minutes away from the LA Boardwalk and the Bossier City market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bar
Building Size
12,000 SF
Building Class
C
Year Built
1900
Price
$650,000
Price Per SF
$54.17
Tenancy
Single
Building Height
2 Stories
Building FAR
1.97
Lot Size
0.14 AC
Opportunity Zone
Yes
Frontage
43’ on Texas St
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 181437-138-0012-00 | Improvements Assessment | $18,292 |
| Land Assessment | $9,450 | Total Assessment | $27,742 |
Property Taxes
Parcel Number
181437-138-0012-00
Land Assessment
$9,450
Improvements Assessment
$18,292
Total Assessment
$27,742
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417 Texas St
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