I'm thinking about putting a pit in my garage. 4 feet wide and 6 feet deep. Concrete floor with cinder lack walls filled with concrete and rebar. My garage is not high enough for a lift and I can build a put myself fairly cheaply.
I have a pit and use it regularly. 6 feet sounds pretty deep, even for a tall guy. Your arms will get tired reaching up all the time. Without going out and checking, I think mine is about chin or mouth high, and even then I will sometimes stand on an old car battery to give me extra height so I can get my head up into some areas for a better view.
Mine is only 3 feet wide which I think is pretty good. Wider might be nicer, but remember that some tractors and other kinds of wheeled equipment can be quite narrow. (Maybe the pit could be narrower at the front end so you could drive something like a ride-on mower over it). And being only 3 feet wide makes it unlikely we will accidentally drop a wheel into it when we park over it.
Length is an important consideration. You will want to be able to reach at least the centre of the vehicle when its parked over the pit. But remember you will lose at least 2 feet of space at one end because you have to leave room for yourself to climb down. So a pit with a 8 foot long 'opening' really only gives 6 feet of undercar working area.
A really long pit with comfortable steps would be terrific but its more work to build, and remember you have to cover it to make it safe. The bigger it is the harder that will be. I was restricted in length because a pipe runs through the middle of my shed so I have to do with just 3 steps from top to bottom.
An electric power point and some lighting built into the pit wall would be very nice but I don't have those. A small portable flood light on an extension cord is my lighting method. I should also paint the walls and the floor of the pit white to reflect more light. (It seems you never have enough light in the pit).
You absolutely must cover it when its not in use. You've got to be fanatical about this or someone will eventually fall in. Mine is not very long or wide so it just requires a couple of pieces of 1'' ply to cover it. Personally I've never had any concerns about ventilation or fumes collecting in the pit but I don't have any petrol storage or household gas pipes nearby.