My brother has a Corvette parked in the garage for about 8 years now. He says '76 was not a top Corvette year and it’s not worth fixing even to sell. I reckon he means to have it towed to sell as is ( # passive!) I’m thinking when the house finally sells the car will have to go.
The car might not be the one of the Corvettes best years, but it is still a Vett. It must be worth something to someone. If it is a convertible with a stick, even better. Find a local Corvette owners club and get someone to look over the car and go from there.
Brother is correct. I do not intend to sound crass or mean but some sucker will pay big bucks for it. Others who know Vettes and/or those who have done some homework will either stay away or obtain for a fair price.
I would suggest that you should have it thoroughly gone bumper to bumper at a shop to find out what kind of mechanical condition it is in first before you decide what to do with it.
This model Corvette has the nice body lines so it’s somewhat desireable anyway, even if underpowered a bit. The power thing is easily fixed.
It will take some work on the fuel system, battery, and tires but all in all these cars are easy to service and fairly inexpensive to fix as to the mechanicals.
For the right price I’d go for it.