I agree with Jim - its likely to be a rebuild for you. He may consider it driver quality, but it'll definately need some restoring. Plus the 80's used the non-turbo 301 which has very little power. Even the turbo did little to help it.
If you are looking for a project car that you can drive home, I wouldn't offer him any more than a few hundred dollars, depending on the options for the car. You'll end up sinking thousands into a car that you are just casually interested in. Be sure about your plans for the car (or any 2nd gen TA if you are in that market) before contemplating it.
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I USED TO HAVE an 85 Camaro 305 4bbl, 90 Firebird V6, 97 Firebird V6 (10 speakers!). Despite the two family vehicles, 3 kids, wife and mortgage, I can finally realize the dream - 88 TA almost all stock... for now.
http://www.cardomain.com/id/untameddave
Wanted this -  , but ended up with this -  for free. Can't argue with free.
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