I’m thinking to take into account what everyone has said. For the floor, it looks like paint or vct tiles. Take the doors off the shelving to make it look bigger and slap a coat of paint on the shelves. Clean and paint the existing workbench and screw on a new surface. Purchase a rolling workbench that I can roam into the other room in the basement to work on bigger projects . I forgot to mention that there is pegboard on the wall opposite the workbench (same side as the entry door). I’ll paint that as well.
As for what I do in there, great question. When I was younger, I’d actually use the workshop and create/fix stuff for the house. Lately, I’ll go down there, drink beer and reminisce while talking to old friends on my cellphone. I have an old mini-fridge so I’ll move that to the ‘shop as well. Also, there is only one outlet. Directly above the workbench. Maybe ask my brother in law run a second line for me.
I’ll have to get before and after pics to post here as well.
| 
