It’s nice enough that you can put some time and effort into it and end up with a really great guitar. It’s not super valuable, so you probably won’t make money on it, but it’s not crappy enough that it isn’t worth fixing.

As others have mentioned, the biggest question is the neck. If it’s intact and straight (actually slightly bowed towards the fretboard), you’re good to go. If the neck is cracked or warped, then it’s probably not worth it.