Columbia Racer 3

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I know it's a Columbia, chain guard looks like it says racer 3 (I'm just going off of this picture) which I would assume means 3 speed. The other decal says Miami on it. Can anyone give me more information about this bike. Is it desirable, built well, or is it worthless?

http://photobucket.com/columbiaracer
 
while not worthless, it was a budget road bike in the day. If by well built you mean strong,.. yes it prolly is, if you mean light, no, its prolly not...
 

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