The address designates a specific location, typically a commercial property, within a defined urban or suburban area. Such designations are crucial for navigation, mail delivery, and property identification. For example, businesses often use their precise address for official registration and public communication.
This precise location may represent a hub of economic activity, offering office spaces, retail outlets, or service-oriented businesses. Its benefits include providing employment opportunities, generating revenue for the local economy, and facilitating commercial interactions. Historically, such locations have evolved from simple plots of land to complex multi-tenant structures reflecting the growth of urban centers and commercial development.