Yeah should come out like new once blasted/primed/painted! Since you already know how, I'll drop it by.
What's the reason that you are not using it? Building new workbench for it. I have owned this for maybe 15 years and have seriously beat the tar out of it. And that was on a good day. Never broke it, though. Look close and you can see it's wispering "Uncle".
I see the tag on the side "Olympia Tools" yes it is.
Researched a little and this link is the answer Don't get too emotional...mine is an early Harbor Freight vise that is a faithful copy of a many hundred $$ vise.That Sears ad is likely a re-seller of merchandise and it is common for them to put an outrageous price on items. This has been discussed in the "Harbor Freight tools that don't suck " thread on TBN. It is a great and stout vise that is built like a tank and you will leave to your grandchildren. Write the date and sign your name on the bottom since that's how long it should last.
Not a bad deal for $8 bucks and a little desire to make better than new!