That's actually a pretty nice little bike. I would regrease the bearings, get some new tires and brake hoods, and ride it.
Most likely a 1986/87 model, made of Tange 2 tubing. Full SIS is nice. You may be dealing with tubular tires, which some prefer but for practicality or commuting they can be more work. The valves are presta, different from your typical shraders valve but common today.
Why repaint? It screams mid-80's awesomeness.
The 1986 version from the Nashbar catalog looked like this:
More info:
https://bikeretrogrouch.blogspot.com...ging-face.html