Trek 470 "Fast Track" build for $475, need advice.
I was struck by a car last year which totaled my Trek 520. Today I noticed a very clean early nineties Trek 470 Fast Track frame and fork in my LBS' basement. The frame would be ideal for touring as it has eyelets front and rear with space for fenders. The owner offered to build it up with a Shimano 105 Gruppo from a 2004 Cannondale road bike. It sounds like a very nice deal but wouldn't mind a second opinion. Btw, I think this is my first post. Been reading for the last year or so.
The 470 FT had 41.5cm chainstays, not particularly suited for touring, if you intend to carry rear panniers. It originally came with 7spd, rear dropout spacing is most likely 126mm, not the current and more favorable 130-135mm used for touring bikes.
Tom, Cost aside as the LBS needs to make their money (Limited warranty and fit assistance would be a plus.). I quickly researched the 470 and it looks like it could be built as an all rounder, light-medium level tourer similar to a CX frame build. In comparison with the 520 it will probably be a little lighter and have a little more responsive handling, if that matters.
I had a trek 470 fast track that I rode for about 6 months. It was a decent bike, but I wouldn't pay more than $225 for it, maybe $285 or so since it's going to be built with a 105 group and by your bike shop mechanic. Mine was a 1995 model and didn't have any braze-ons for racks though. It also had no clearance for fenders with 28mm x 700c tires mounted. Do you know what year it is from? I've looked at Trek's catalogs from that time period and can't find a fast track with braze-ons for racks.
As others have said, I would keep looking for another bike. If you have the time, deals pop up occasionally on both Craigslist and eBay.
Sorry to hear about your wreck. Did any of the parts survive the crash? If so, this could maybe keep costs down.