How much room do you have?
It's nothing exciting from a collecting standpoint. For TV collectors, most B/W 1950s TVs in plain wooden console cabinet are like most "All American Five" radios in plain brown Bakelite cabinets.
Nothing wrong with 'em, and they may work fine after restoration, but there are much more interesting fish in the sea.
If this will be your one and only TV, I'd let someone else rescue it and wait for something more notable. You should have no problem finding comparable (also boring) 1950s consoles in the $100-or-less range, so this is not the last one you'll see. With some patience, you may find a TV that's more in line with the nicer radios in your collection.
Phil's Old Radioshttp://antiqueradio.org/index.html