I've been watching C-List like a hawk for the past few weeks trying to find an old trek to build. I really wanted a smooth commuter that could do light overnighters, take a rack and fenders with at least 700x28 tires. I live just out of Seattle, so the market is super hot and several hundred bikes get listed each day. Spotted this one as soon as it popped up and dialed the number in the add without hesitation and was surprised to be the first caller(getting a good deal on a bike is like winning concert tickets around here). It was completely original except for the missing front wheel, was mounted to a trainer(which I'll flip for what I paid for the whole package) and the guy selling it said it had never even been ridden outside(upon further inspection there is some brake wear on the rear wheel that would speak otherwise). I happily handed him the $100 he was asking and loaded it up. This is how it sits after attaching a front wheel. The paint is beautiful, with 5 or 6 small nicks and some rash on one of the rear stays, no rust or corrosion on anything!
I'd like to do a modern build on this with brifters and a triple, and I think black stem/bars/seatpost/rims/cranks would look hot on this one.
My only concern is weather I'll be able to run fenders with the 28's, it looks like a tight fit. Anyone have any experience? Also, since I'll be stripping most of the OG components, does anyone want 'em? Open to trades.

What do you all think?