I agree with old dog, if you break it down completely use a soft cloth to wipe some oil on the cylinder walls and crank and bag them up to keep air out, may be check every couple weeks. I don't have the dampness so don't know how long it would take but those would be my biggest concerns.
Now, let me apologize as I am about to go on and on as I am bored:laugh: .
You can get it vatted, scoped and bored (will need new pistons too if bored), crank turned, cylinders honed and cam bearings removed and replaced by a machine shop. It can end up several hundred dollars or more for their work plus parts upwards of $500 low end for a rebuild kit with pistons, cam, all bearings, timing chain, gaskets etc. See ebay for ideas on kits. Also the machine shop should have parts or someone to refer you to.
As long as you can't really feel any scoring (fingernail catches= bad, slight catch should hone out) on cylinder walls you are prob ok to just hone and not be forced to bore. Unless they are burned (really discolored). Machine shop would typically advise..... or......... for a redneck rebuild
you can pick up a hone for like $10, put new crank bearings, rod bearings, rings (under $100 or so) and rent a tool to pull cam bearing if you decide to do. Full gasket kit is prob under $50.
The cylinder walls will be pretty much glazed and the new rings will need to seat. Search honing on internet on how to hone. You can use a special oil or you can redneck it
=regular oil. It should be criss cross with hone done one direction on drill, then reversing drill and doing it again. This just has to be done long enough to get glaze off and establish pattern. Not too long or hard, keep oiled. Also inspect your crank
, it will have some lines in it but if its not too bad it will get you by too. It just depends on how little or much you want to spend and whether it appears you need to get bored or crank turned.
Unless I was doing the full machine shop inspection and machining, I might not even do the cam. If you don't do the cam and are keeping the same lifters, make sure they go back in the same holes as they wear in to that hole. If you are dong a new cam, don't put the old lifters in or it will ruin the new cam (should come with in most kits anyway). My brother once did this.
Last, be careful not to scratch your crank or cylinder walls when removing rods down through or when reinstalling and pushing pistons down in, use a cloth or something on the journals so the bolts won't score
the crank when you put the piston back in. You will need a ring compressor (also about $10) to get the pistons back in (unless shop does). Make sure you read the marking on the ring boxes, they go a certain way and the openings need to face away so oil/gas do not get by.
There is a alot you can choose to do, or not to. The fully rebuilt way is not cheap, but is peace of mind. Although many times it's like anything else, you could do just the basics and and it could last forever.
Hope this helps.