If this description is true and it looks as good in person as it does in the (tiny low res craigslist) pics, I think this might be a great find:
1971 Italian Touring Bicycle - $340 (Treme)
Made in Italy, which is unusually rare for this vintage Bennotto bicycle. Great condition. Extremely lightweight. Smooth, fast ride. Very well made.
$340 seems high for just "any random 70s road bike" but from what I've read on Sheldon Brown, and here, the Italian-built ones are very nice bikes indeed...
Thoughts anyone? And anyone wanna take a guess as to frame size? Looks small-ish to medium to me, maybe 54cm? Owner had no more (or even bigger!) pics and didn't know size.