Join Date: Jan 2008
Location: Beaverton, OR
Bikes: 2013 Kona Jake, 2015 Kona Jake the Snake, 2008 Kona Major Jake, 2013 Kona Jake the Snake, 2006 Kona Kula, 2012 Ridley Excalibur, 2001 LeMond Buenos Aires, 1984 Pinarello Gran Turismo, 1982 Trek 614, 1979 Austro-Daimler, 1974 Steyr Clubman
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It'll be heavy, but it's better than not racing. I'd expect it to weigh in around 30 pounds. You might be able to lighten it by a few pounds with judicious spending.
I doubt you'd have problems running 700x35 tires on that, but you might want to measure the rims when you go to look at it. As a point of reference, my Salsa Delgado Cross rims are about 22.5 mm wide on the outside, and I've used 700x28's on there (though not for CX). I'd guess that being a pre-29er era bike the rims on that aren't that wide.