Question

Could this be restored? And is it worth the money it’d take?

Answer 1

yes, probably not, if you dont know anyone who can do it cheap or has the materials

Answer 2

From what I'm seeing. This is a 1978 Mustang (II?) Cobra II.
Assuming it runs it is still only worth about $3,500. After some fixing up you might be able to get quite a bit more out of it.