Join Date: Jan 2008
Location: Beaverton, OR
Bikes: Kona Jake, Kona Jake the Snake, Kona Major Jake, Kona Kula, Ridley Excalibur, LeMond Buenos Aires, Pinarello Gran Turismo, Pinarello Montello, Trek 614, Austro-Daimler Team, Motobecane Grand Record, Schwinn Voyageur, Nishiki Olympic, 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.