The handle specifies a selected property positioned inside an outlined space. It serves as a singular identifier for a residence or enterprise, facilitating navigation, mail supply, and official record-keeping. For instance, this designation might check with a single-family dwelling, a condominium unit, or an workplace area.
Exact location identifiers are essential for varied purposes. They allow emergency providers to reply successfully, permit companies to focus on advertising efforts, and supply a foundation for property valuation and taxation. Moreover, understanding the historical past and growth of a given locale provides context to its present-day significance.