It's cool to have choices, to make it your special place. I built a 12 x 20.Full drywalled and insulated. I was given 18' of kitchen cabinets from a remodel. The top is a double layer of 3/4 plywood. I put masonite on top of that. The cabinets allow a lot of storage. I prefer my tools in a rollaround. I also have a smaller 3 drawer box on the bench for bike specific tools. Personally I do not like pegboard. It stems from my years as an auto and marine tech.I have a small parts washer on a rolling cart. Compressor too. Another wall has two closets that store home tools. Saws, routers etc. in one and lubes and misc in the other. I built a nice rolling workbench for other projects.
I use a folding workstand. Although a bench mounted Park could show up someday. Good lights, stereo.
Being in Florida a AC is a necessity. Along with sturdy locks