If you want a decent bike that will last, that's it!
IMO, that bike could very well last for another fifty years or more, if you take care of it. Just replace or upgrade the components whenever they wear out, and you'll have a trusty steed for practically all of your adult life.
Make sure that you test ride that bike first, before paying for it. If a bike feels the least bit uncomfortable, it's a bad investment! Also, try to have someone who knows about bikes, accompany you for advice on the mechanical and frame conditions.
If it checks out, it's a steal!
Last edited by Cfiber; 05-10-13 at 07:56 AM.