With a static water level of 5', a shallow well jet pump would work, but only until the water level pulled down to 24'. A shallow well jet pump just cannot lift more than about 24'. I don't think this well will produce any water to speak of above 24'.
Goulds is now Xylem. They still make a good pump end, as not much has changed. However, Goulds now makes their own motor instead of using Franklin motors as they did for many years. I think they maybe close to working the bugs out of their Centripro motors, but they have had some problems getting there. Centripro and Pentek had problems with the capacitors in the two wire motors, and I hear the top bearings are locking down in the 3 wire motors. I think they got the capacitor problem fixed after I let them know about it. They were blaming Cycle Stop Valves for motor failures, so I had to do autopsy's on a couple of motors to figure it out. Debra Getz, the Pentair sales person was actually very ugly to me and was adamant the CSV caused the failures. This was even though the customer had three houses on CSV's for over a dozen years without any problems with the previous Pentair pumps. Which BTW was because they use to have Franklin motors on them. She never called me back and fessed up that I was right, much less apologized for treating me so badly. But she told the customer who filled me in. They finally figured out the capacitors in the new motors were not made for continuous duty, which caused the failures.
In 1973 most pump companies made damn good pumps and motors. However, in the years since the world has changed. People only look for the lowest price when shopping for pumps, so now all that is available is cheaply built pumps. People would rather buy a Hallmark for 140 bucks that might last a couple of years than to spend a thousand dollars for something that could last 30-40 years. Nobody would purchase a pump for a $1000.00 when there is one for 140 bucks that will pump the same amount of water, even though the expensive pump would be the least expensive in the long run. You couldn't even find a high quality pump for a thousand dollars if you wanted. Middle of the road would be a $600 name brand pump that will last longer than the cheap pumps, but no where near as long as the pumps from the old days. They put just enough quality into pumps these days to make it last about 7 years on average. Some that are lightly used will still last 30 years, but with normal use and normal amount of cycling 7 years will be the average.
You can store a submersible pump/motor in a container full of water. Just keep the container topped off. Or you can top off it off with distilled water when you get ready to use it. Most can be filled fairly easily from the bottom. Place the pump/motor upside down. Take out the screws and remove the end cap and rubber diaphragm. Fill with water and replace the diaphragm and end cap.