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I agree with Brian. Definatley look at the maintenance history. If there are not any sevice records walk away quickly. However, if it was properly maintained with that many miles you could get alot of life out of her yet.
I bought my '85 with 235,000 miles and now it has 303,000. You wouldn't know it by looking at it and certainly not by driving it. I guess I just got lucky. My car was dealer serviced to 110,000 miles and then owner records until I bought it. I have pages and pages of records.
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'85 300SD (formerly california emissions)
'08 Chevy Tahoe
'93 Ducati 900 SS
'79 Kawasaki KZ 650
'86 Kawasaki KX 250
'88 Kawasaki KDX200
'71 Hodaka Ace 100
'72 Triumph T100R
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