I recently built up this "three speed" -- it's actually a five speed, with the new wide range hub with drum brake.
Being 6' tall, and preferring short crank arms, I wanted a (too) big frame that I could put (too) small wheels on. So this is a 62 cm Lambert frame with 26" (MTB size) wheels. The small wheels necessitated drum brakes. It rides very nicely! I haven't weighed it.