Rides Majestic
Join Date: Jan 2013
Location: Westfield, MA
Posts: 1,339
Bikes: 1983 Univega Gran Turismo, 1970 Schwinn Super Sport, 2001 Univega Modo Vincere, Self-Built Nashbar Touring, 1974 Peugeot U08, 1974 Atala Grand Prix, 1986 Ross Mt. Hood, 80's Maruishi MT-18
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If you need to depend on your LBS for your needs, you may want to reconsider $300 as your budget. Most shops work on the $400 entry level price point. before I spent anything, I would do as suggested and pump up your tires, lube the chain, and test out the bike. You may find that the riding position, seat, etc. isn't as comfortable as it was to you 25 years ago. If that's the case, don't spend a dime on it, buy a new bike more suited to you. If you are comfortable, take a bunch of detailed pictures of the tires, chain, brakes, derailleurs, etc. Post them up here and people can help you better determine what needs to be done.