Joined: Aug 2015
Posts: 1,428
Likes: 754
From: Kingdom of Hawai'i
Bikes: Peugeot, Legnano, Fuji, Zunow, De Rosa, Miyata, Bianchi, Pinarello, Specialized, Bridgestone, Cinelli, Merckx
[MENTION=448009]pandraztic[/MENTION] I think you can do much better than spend $500 on a bike that will only be worth about $150-200 when all said and done. With a little patience and $200 in parts you can have this thing in a good spot.
Re: Bottom bracket and compatibility, you should be mostly in the clear based on the era of production.
(I mentioned this before, but if you want a hand disassembling/reassembling the thing lemme know)