I really did not buy it to part it out. However I also didn't want to tie up my time and money on a big project.
Please forgive me when I ask this...If you weren't willing to commit some time and money to a project...why buy an old bike? Older bikes, even ones in perfect condition, require way more routine maintenance than modern bikes do, let alone all the stuff that it takes to get them in good running order.
Please consider carefully what d9canada has just said. Because it WILL take money, time & effort to make a runner out of that bike.
If you decide "Hey maybe this isn't for me..." sell the project bike, and look for something else, no big deal. If you cleaned that bike up, posted an honest ad on ebay, stuck motor and all...Would probably fetch a good amount for it as is, without having to part it out. If you posted a pic of the complete bike on the forum, wouldn't be surprised if someone here made a good offer for it.
But if you decide to take the project on, and are willing to spend some $$'s, wrench time, and want to learn about old bikes..Old Hondas are a good way to go. But it WILL take some sacrifice & effort. To me, it's worth it in the long run, but that doesn't mean that everyone else will feel the same way.
Please post a complete pic of that bike!