I'm a little late to the party, but with all the ridiculous pricing on used bikes around here, I didn't think I'd find a project, until yesterday.
I picked up this beat up Nishiki Sport on Offerup to the price of $40. It was in pretty sorry shape, but looked like a good project.
I stripped it down, polished up the heavily oxidized paint, which turned out surprisingly nice. I'm digging the pink.
There's a ding in the top tube, I might try to roll out, but it's pretty close to a cable guide. I'm considering possibly doing a fixed gear
or single speed conversion, but one thing is certain, it's about to get all Miami Vice up in here.