I think it really depends on your budget. I recently purchased a 94 LC with similar miles, condition and price. I am fairly certain I am around $20k into the entire project now to give you an idea to get it baselined. (scared to look at my receipts!!!) This includes the price of the vehicle. I pretty much changed every seal in the motor (main seal, pan, valve cover, etc), fixed an axle seal, changed out all the coolant/heater hoses and radiator...every fluid. Throttle cable. AC recharge. Charcoal Canister. EGR "Offroad Enhancement." Several interior pieces. Third row seats. Shocks/Coils. I still want to get it re-painted, fix some dash lights, fix the driver seat cushion, change out a few speakers, etc. The list will probably never die. Looking at the motor and condition, the baseline will cost some money. Even if you did it all yourself, it will be a couple $1,000.
Pretty much any issue you discover with it, this forum has run into and solved

. So, it is an awesome community and appreciate you guys. Good luck with your decision!