Part it. Cartridge carrier is $25, as is motor, and speed selector can assembly and changer spindle, a good tone arm w/ unbroken clips in the single/multi assembly is $50. Other parts like platters, dust covers, bases, levers and springs all have value too.
One can easily sell $150 in parts off one if they done care to refurb the half dozen areas that need attention, plus the value of any cart that may be included.
There is an excellent .pdf file out there for restoration that most can easily follow if you do want to rehab it yourself too