Like others in this thread, my Fed job has me moving every 2 to 3 years, which was fine before I started to accumulate so many bikes. I now have all but one of the in storage, and currently work on my bike on the balcony of our 18th floor apartment in Arlington, VA. We have an excellent view of the Washington Monument and the Capitol bldg, which is cool, but soon it's going to be freezing out there. Cobbling together a "do all" repair kit in a small toolbox was kind of a fun challenge. My full tool set is, like the bikes, in long term USG storage, so I needed to have enought ools to do most jobs. I started with the Park advanced kit and supplemented it with Craftsman hand tools and such, maybe I'll take a pic of the full set sometime. Anyway, that combined with a good stand is enough for my current needs. I can do anything short of a wheel rebuild, and tested that theory by building up my latest bike using only what I had in the box...well, I did cheat and use my fanter in laws soldering gun for the cable ends, but that's the only exception.
So, here was my last workspace, one stall of a 3 stall garage we had in our Portland house. I felt this was the perfect size for me, and will probably do something very siilar in the future:
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Oh, and like some others mentioned, pairing of projects and beers is an art form. For a full on build up I like a heavy Belgain Trappist Ale or something local and high-alcohol content. For routine stuff like cleaning or small repairs I go with lighter ales, like a wheat beer.