The Collaborative International Dictionary of English v.0.48:

located \located\ adj.
   1. situated in a particular spot or position; as, valuable
      centrally located urban land.

   Syn: placed, set, situated.
        [WordNet 1.5]

   2. situated: often used in combination; as, a well-located
      business.
      [WordNet 1.5]

The Collaborative International Dictionary of English v.0.48:

Locate \Lo"cate\, v. t. [imp. & p. p. Located; p. pr. & vb. n.
   Locating.] [L. locatus, p. p. of locare to place, fr. locus
   place. See Local.]
   1. To place; to set in a particular spot or position.
      [1913 Webster]

            The captives and emigrants whom he brought with him
            were located in the trans-Tiberine quarter. --B. F.
                                                  Westcott.
      [1913 Webster]

   2. To designate the site or place of; to define the limits
      of; as, to locate a public building; to locate a mining
      claim; to locate (the land granted by) a land warrant.
      [1913 Webster]

            That part of the body in which the sense of touch is
            located.                              --H. Spencer.
      [1913 Webster]

   3. To discover the location or site of; as, to locate the
      source of a radio transmission; to locate a leak; to
      locate the malfunction in a system.
      [PJC]

WordNet (r) 3.0 (2006):

located
    adj 1: situated in a particular spot or position; "valuable
           centrally located urban land"; "strategically placed
           artillery"; "a house set on a hilltop"; "nicely situated
           on a quiet riverbank" [syn: located, placed, set,
           situated]

Moby Thesaurus II by Grady Ward, 1.0:

19 Moby Thesaurus words for "located":
   assigned, deployed, embosomed, emplaced, ensconced, established,
   fixed, installed, placed, planted, positioned, posted, seated, set,
   settled, situate, situated, spotted, stationed