I paid almost that much for one just like it but in much worse shape. That thing looks mint!
You will need a 30A circuit, because that 5 hp motor draws 24 amps!
It is not a bad machine, but you need to watch belt tracking. Once the supplied paper is gone, I would convert to H&L (inexpensive kit).
I have been working on mine tweaking it up on and off for a few years. I replaced the conveyor motor and added a controller to convert it to variable speed. It needs a new conveyor belt - ouch!$!$!$