Originally Posted by
Northwest_Rider
Yes. It's worth the $50 if the wheels are true, and the seatpost and stem aren't stuck.
You'll probably need another $50 of clean up materials or so:
New cables and housing
Clean anything with a moving part with WD40 and a nylon brush (an old toothbrush works great)
Replace the saddle and handlebar tape.
Polish the aluminum crankset and stem with Mother's Polish, if you wish.
You should replace the tires. Panaracer paselas are great for the pricepoint
.
It should be about an afternoon's worth of work, once you have the parts assembled.