It will always be scarred as a write-off so if your thinking is that you can restore it and turn around and sell if for market value, that has a low probability of occurring. If you are looking for a low cost path to ownership, the cost of replacement parts and body work will lead you to the answer that you should purchase a car that does not need rebuilding. If you have time and money on your hands and are looking for something to work on for the next 4-5 years it would be OK as a hobby - maybe a wide body or a track car if you are so inclined. It is also auto equipped which potentially complicates things as a project car.
Otherwise, it is just a parts car, and an over-priced parts car at that.