I've personally never seen an 80G 110v compressor...
It's likely one of the ~15cfm base model 2 stages.
That's not a terrible deal, if it comes with warranty etc. Would let you expand your air tool collection quite easily. Air grinders and paint guns come in handy.
What should someone be looking for in a compressor then? Sorry I'm new to compressors and want to get a good one in the near future.
CFM and duty cycle. CFM is how much air it can put out at a given pressure, most tools use ~90 psi, so the rating at 90 or 100 is the one that counts.
After that, check things like reviews to see if it's a lemon or has issues, like any other power tool.
Also, don't forget that to make optimal use of the thing, you'll need to run some lines, get a regulator/filter. You CAN use it right off the compressor, but you'll get lots of water in the lines and unregulated pressure to tools, especially if thats a 175psi model, could cause issues. That is nearly double the average tools rating so they might not take it well.