Looks like vertical dropouts. Unless you’re OK with a tensioner for SS, I would turn it into an upright-ish, basket beater for trips to the beer store, etc.
Hmmm I do already have a SS basket-equipped round-town/commuter bike though.
To get it running again it needs at a minimum chain, cassette, BB (seized in and so so rough) cables, pads and tyres. And grips and saddle I suppose.
@dadbike started
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Looks like vertical dropouts. Unless you’re OK with a tensioner for SS, I would turn it into an upright-ish, basket beater for trips to the beer store, etc.