The light on the 33rpm speed no longer comes on. I have another light bar that works included with the turntable and shown in a separate photo. The speed is not affected by the light being out. The new light bar will need to be installed. The arm has stopped lowering onto a record. The cylinder that lowers the arm needs to be oiled. The tracking works fine it just stopped lowering the arm. This will require a technician to remove the cylinder and oil the stem and the speed light bar can be installed at the same time. You can look up the oiling procedure on a YouTube video. I watched the video and it is an easy procedure to remove the cylinder and oil it and also replace the light bar if you can solder wires back in place. I would do it myself but I can't solder wires well enough. The Cartridge is an EN and the needle is in good condition.
I am the original owner. It was in storage for over twenty years in a dry heated location in its original box. The original box was accidentally thrown away recently so it will be packed in a custom box for shipping.