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If it actually only has 140K on it, that is still a low mileage engine.
And that price is below what salvage yards in my area charge, but they do have a 90 day to 6 month warranty on the engines, depending on which yard you buy it from.
Early 1985 blocks could have the thin casting above the block heater which is prone to cracking if you use the block heater though.
I wouldn't pay that kind of money. I just picked one up with tranny, starter, hydraulic clutch cylinders, and power steering pump still hooked on it for $250 and probalby about the same amount of miles as that one. And bought one a little while back with a C6 tranny on it for $400. Just keep looking..you will find a deal at some point.