Buried in this garage in East Setauket, New York, is a project car that is worth some serious consideration. While there remains some work to be completed, a huge amount of the heavy lifting has already been done. It is hardly surprising to find that this is a car that has generated plenty of interest since it was listed for sale. Not only have there been 16 bids submitted on the 1964 Corvette “Fuelie,” pushing the price along to $30,000, but there are also currently 157 people who are watching the listing here on eBay. The good news is that with the reserve now met, someone is about to get the chance to complete a pretty special restoration.

The first port of call with this car is the frame. Not many issues with that. It is as clean as a whistle and looks to have been very nicely restored. The owner has gotten it back to a rolling state, and while it was dismantled, he has taken the time and effort to replace all of the fuel and brake lines, along with the fuel tank itself. The body of the Corvette, which was originally finished in Satin Silver, is complete, but it is going to require a fair amount of work. It is demonstrating all of the wear and tear that we have come to expect from a 55-year-old fiberglass body. I mean, it isn’t horrendous, but there are a few spots that will need to be attended to by someone who really knows how to work with fiberglass. The good news is that all of the external trim, chrome, and glass is present, and it does appear to be in good condition.

This is as close as we get to a shot of the interior, and once again, there will be some work ahead for the next owner. The black seats are said to be good, all gauges are present and correct, while all of the chrome components from the dash and console have just returned from the plater’s. That appears to be the extent of the interior trim and components that are present, so the next owner will have a fair shopping list ahead of them on this car.

I really think that the time has come to get ourselves back to the good news. Powering the Corvette is a numbers-matching 327ci fuel-injected V8, which sends its 375hp to the 4.11 Posi rear end via the original 4-speed, close-ratio transmission. Even better is the fact that both the engine and transmission have been freshly rebuilt by very reputable Corvette specialists. That means that the next owner shouldn’t have to spend a penny on the mechanical side of the car. In addition, the owner is including a 3.70 Posi rear end if the buyer wants the Corvette to have slightly longer legs. The vehicle also rolls on a new set of steel wheels and new tires. The car is fitted with its original metallic brake shoes, but the drums have been machined, and the wheel cylinders have been replaced. While the Corvette was apart, the flywheel was resurfaced, a completely new clutch was fitted, as was a new 2½” dual exhaust.

The person who buys this 1964 Corvette can be certain that they will be buying a car that is both structurally and mechanically sound, and where the needs are purely cosmetic. They will also be getting their hands on 1-of-1,325 cars built in that year that featured the fuel-injected engine. With values on these cars continuing to climb steadily, they will not only become the owner of a really nice and potent car but one that should represent a pretty sound long-term investment.