Join Date: Aug 2005
Location: Pittsburgh, PA
Bikes: '''96 Litespeed Catalyst, '05 Litespeed Firenze, '06 Litespeed Tuscany, '12 Surly Pacer, All are 3x8,9 or 10. It is hilly around here!
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The frame is a decent one and worth building up IF you can get the build kit at a reasonable cost or can cherry pick components and sales. These days, buying a complete bike at any given component level is often cheaper than buying individual components for an existing frame/fork.
If you go ahead, consider 105 or Tiagra as the component group. They are good, solid parts and well suited to use as a daily rider bike. They are likely the components that would have come on it if the bike had been originally bought complete.