Looks like a nice example, just depends on what you are looking to accomplish. This one looks pretty turn key, but does seem about 2K high for what it is. There are a few others in the Mobile craigslist that look nice and are a little closer to what I would expect.
As long as everything checks out on the one you posted (all the steering stuff is in good shape, T-case if smooth, trans is smooth, engine holds good compression) you would not go wrong for a weekend cruiser. Personally, my biggest concern on the one you listed would be the trans. At 115K a T4 or T5 is not long for the world before a rebuild. I would also check under the hood and dash to see how much of a mess has been made out of the wiring.
If you are looking to modify it I would look to one that has a little more groundwork done as it is exponentially cheaper to build off of someone else's project than tho start from scratch.
Building a Jeep is like playing golf, every now and then you get a good shot that makes you believe, hey I can do this!