The Greyhound Half-Way House at 124 E. Main Street in Waverly opened as a Greyhound “half-way” station in the late 1930s, serving as the midpoint rest stop on U.S. Highway 70 between Nashville and Jackson. The current Streamline Moderne building, faced in distinctive blue glazed tile and designed by architect William Nowland Van Powell, was constructed in 1938–39, replacing an earlier bus stop on the same site that had operated since 1925. The station closed to bus service in 1973 and later housed the local chamber of commerce. In recognition of its architectural and transportation history, it was listed on the National Register of Historic Places in 1999.

In 2024 the Humphreys County Arts Council acquired the former station with the goal of preserving and renovating the landmark as a regional arts center. The Council’s mission now explicitly includes restoring the historic Waverly Greyhound Bus Station and transforming it into a space for art classes, exhibitions, demonstrations, and performances that serve residents across Humphreys County and the surrounding area. Fundraising and phased rehabilitation work are focused on returning the building to its former glory while adapting the interior for gallery, classroom, and event use, securing the “bus station” as both a community arts hub and a protected piece of local history.