I just bought a dropped domain in the wine niche - let's call it italianwinelist.com.
It's 11 years old, has 1.6k backlinks, PR1, no Alexa rank. There are 500 exact match searches per month and about 133K searches for the first two words of the domain name. There seem to be plenty of monetisation options if the site had good rank and content.
My question is - what should I do with this domain? Try to flip it? Bear in mind that I have no experience in domain flipping or blogging but I can do basic technical stuff quite easily.