It may be a little rough around the edges, but I think this could be a fun driver with a little work. The exterior is ratty, but the inside isn’t too bad and the 351 could be made to scream. Someone obviously started “working” on the car before parking it in 2008. It is drivable, but I would plan on addressing its needs soon. It’s located in Mahopac, New York and is listed here on eBay where bidding is currently at $3,700.
The light blue over bright blue color scheme actually isn’t too bad. That bench seat looks nice, but the velvet dash cover needs to go as does the custom speaker box in the trunk. Drop a new molded carpet in here and things probably wouldn’t be too bad.
There’s a two-barrel carburetor on top of that 351 right now, so I would suggest you source a four-barrel intake and carb right away. Later on you could add a cam, headers, and some better breathing heads. Then if you wanted to get real ambitious, you could stick a shift kit in the tranny and some new gears in the rear end. Checkout this scan of a Muscle Parts catalog for more ideas.
I really enjoyed my ’69 Torino, but always liked this body style. The rust appears to be minimal here so it could make a great restoration candidate. Personally, I would clean it up and focus on the mechanicals before dropping too much money into it. Most people start sanding the body before finding out how much a new paint job costs. It looks like that may have happened here, so make sure you don’t make the same mistake.