A definitely not in the toss category.
a big thank you to the person who left it behind.
you did spot quality.
wheels are probably only partly correct, original hubs and the rims are Wrong. 27”, should be 700c - slightly smaller diameter ( about 4 mm smaller radius) why the rear brake pads are poorly adjusted. Bike originally would have had tubular rims and tires, aka sew-ups.
wipe it off, don’t hose it off.
decision time.
if it fits, correct it and have a terrific bike after a full service. Are you 5’-11” or so?
Or, sell it off and let the enthusiastic buyer restore and it preserve it.
the lugs are Nervex pro, Masi used those for about a year, a bit more. Paint is in trouble but not hopeless, chrome is very weathered, beyond mere patina. To some ready for a complete restoration, for others a correct mechanical goofiness, preserve and ride.