I have a peugeot ph 501 which is a rather large frame. It's about a 58 or 60 and I have very little, actually pretty much no, clearance. I ride a 54cm cannondale for my fast bike so this one is definitely huge.

I have an offer for it for 200 bucks so I think I'm going to let it go. I'm looking to pick up a bike or two to replace it. I live in an area where it isn't too hilly so I'm hoping to pick up a fixie/single speed to leave at home.

However, I'd like to replace the geared peugeot with another steelie to ride as a campus bike and to go out on fun rides. I found a 56 cm bike that I think meets the bill and I was wondering what you guys think it's worth and if it's worth it.

Any accessory information you guys have, first hand or not, about this bike and what I should look for when I inspect it.

Thanks a lot!

Here's the link.

http://philadelphia.craigslist.org/bik/514674465.html