I hate to say so, but a common "thread" that seems to run thru all air compressor discussions, both here and other boards I watch, are the same as yours, (1) I need to fit the space, and (2) I don't want to have to run special wiring for it.
These are the two worst reasons in the world to buy a compressor of any particular size. You need to size the compressor by what you intend to do with it, the CFM draw of the highest consumption tool or equipment you will anticipate using in the future. If you are doing restorations, you will be using a DA sander, these things, especially the cheaper ones (and you always start out with a cheaper one of any air tool, right?

) draw alot of air. An impact also draws alot of air, try a blast cabinet...
Get my point? I understand, money is not free, doesn't grow on trees or anything like that, but buying a compressors you will quickly grow to hate is not a good thing. Buy something you can use. You may eventually out grow even a decent sized unit if you start using something like a blast cabinet. but at least get one that will run a high draw air tool and not only be able to keep up, but get ahead and shut off for awhile. Pick out the best, most suitable compressor, and buy it. If you need to run additional wiring (and you should have a dedicated compressor circuit, no matter how small the compressor) then do it, its not difficult, not really expensive, and if you need to hire it done, do so, you will NEVER regret it.
Charles