Very nice condition. I think you will get every penny worth out of it in riding. You don’t want that foam stuff on the handle bars anyway. So wrap the bars with your favorite tape , fix the tire(s) , and maybe pull off the brake noodles(or not). But ride it like the wind and if it doesn’t “float your boat” , sell it on, you aren’t going to get hurt. Just my humble opinion and probably the rest of the c&v crowd as well. If it were me I would check grease in any of the non sealed bearings. That bike doesn’t look like it has been ridden much.