I'd take the cylinder off and take the bottom end to a shop and get them to split it. Then, I'd clean it obsessively and take it back to them to press them back together.
I don't know what level of a build you're going to try to do, but we can start making recommendations now if you can let us know. As long as your crank is true and your bearings are okay and you get the cases clean, you're off to a great start. A simple rebuilt with a fresh piston, bore, hone, seals, and gaskets all assembled properly, followed with a leak down test, compression check, proper jetting selection, heat cycles, and break procedure in will get you running like a top.
Porting and a re-cut head with a decent pipe will be a little more cost intensive and will definitely wake it up, but those aren't much more of an issue. If you want to DIY for all of those things, you'd best start planning immediately.
Answers needed! Budget should be included with the answers.
Remember, having it rebuilt by a shop will take several hundred more dollars, which is money that could be put towards some go fast goodies. The CR250R that came through the shop a week or so ago was done for $900 and the engine was out of the frame. With it in frame, it would have been close to $1200. You can do it yourself for close to $400-$500. That's $700-$800 that will get you a filter, used pipe, cut head, and porting with all the jets you'll need. If you want to go with a simple rebuild or a more powerful solution, all you have to do is ask. Not knowing is your fault if you have access to this site.