The 3'x7' storage unit in the basement got a new workbench. I used 2x4 legs, 5/8" plywood on top and 3/8" particle board for the shelf. I screwed the bench into the studs, and shimmed the legs so the top is more or less level.
Pegboard mounted between the studs, and an inexpensive vice.
Another pegboard zip-tied on the inside of the chain link door for my bike tools. (I'm disassembling that wheel in the vice due to a cracked rim.) I also picked up a medium size shelf bracket for tire storage, which you can see on the right side of the space. Even with all of the gear on the shelving at the rear, there is enough room comfortably stand and work at the bench.
I also now have my fly tying desk set up in a walk in closet in the living room. This allows me to tie a few flies, then close the doors when I am done. The ability to keep everything out and ready makes it easier to sit down and whip out a couple flies at a time.
Not carrying around a ton of shit that we don't need has allowed me to use space that would otherwise just be full of boxes, or other storage.