Meaning of the word "be located" in English

What does "be located" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

be located

US /bi loʊˈkeɪtɪd/
UK /bi ləʊˈkeɪtɪd/

Verb

to be situated or placed in a particular position or spot

Example:
The new library will be located downtown.
Our office is located on the third floor.