The exact position of a property.

Merriam-Webster Online Dictionary
location (noun)
a) a position or site occupied or available for occupancy or marked by some distinguishing feature - situation
b) (1) a tract of land designated for a purpose
(2) Australian - farm station
c) a place outside a motion-picture studio where a picture or part of it is filmed - usually used in the phrase on location
the act or process of - locating
the placement of baseball pitches in a particular area of the strike zone , also the ability to control the placement of pitches
Merriam-Webster Online Thesaurus
location (noun)
the area or space occupied by or intended for something
emplacement, locale, locality, location, locus, point, position, site, spot, venue, where
scene; precinct, region, section, sector; here, there
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