Bill wrote: ...
Again, I ask...how large a DC, TS and compressor to you really envision having? Look realistically at how much current those are drawing an compare to 30A...
I'm not saying you should have only one, I'd surely recommend at least two but I'd definitely not be putting only single-dedicated outlets on each for a dedicated purpose.
But you certainly are correct in that while you're doing major work the cost of an additional circuit or two including the breaker isn't huge...
I'd cut back evenly to mid of adjacent studs for a matching location/seam to have a solid edge if the box is on top, otherwise if it's a major reno, it's a whole lot easier to just pull it all out and start from scratch. In a garage they may have used a plywood backer (which I like). And, surely now is the time to insulate as well...
Good luck...
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