In a hallway conversation with Matt Cutts a few Pubcon's ago, our Domain Forum's moderator Webwork asked Matt what Google thought about domains that had previously been parked but then developed. That's not quite what you asked about, but even so I think Matt's response would be relevant. Matt said that they try to evaluate a site based on what it is now rather than what it might have been in the past.
To me that says that if you as the new owner are using the domain for something new and positive, you should be able to work it out if any problems might arise from historical factors. The web presence you describe doesn't sound like anything special but neither does it sound to me like it contains anything insurmountably toxic.
If the name is really great, and you have a solid vision and business plan for how you could develop it, I'd say to go for it if the price is right.