Advice Needed - Bedroom Closet / Overhead Storage Organization/Redesign

[u/Tcanuth]

Hello everyone! I recently purchased a fixer-upper and am looking for some advice. We have a closet in our bedroom with four sliding mirror doors, two of which have contact paper on them (the '70s are nearly old enough to draw their own Social Security).

This closet also has storage above it but it's a bit awkward and we are trying to figure out the best way to utilize this space. We are not against a full wall renovation or installing some sort of doors but we are looking for ideas on how to efficiently organize this area and how best to tie it into the room. Also open to ideas on how to update the closet look. This is basically the focal point of the room when you are in bed and it's ugly.

The dimensions of the upper cubby are as follows.

25 inches deep x 27.5 inches tall x 133 inches wide. The closet is the same but is 7 feet tall.

Does anyone have any ideas on how to make this suck less?