Centrally located is a common way to describe a place that is situated in the middle or central part of a city, town or region. However, if you're looking for alternative terms to convey a more nuanced description, there are other synonyms that you can use. For instance, strategically situated is a great alternative that suggests the location is planned in a way that provides an advantage. Equidistant also often implies being located centrally and is useful in describing a location which is of equal distance from two or more points of interest. Other synonyms include centrally positioned, centrally situated, and centrally placed, which all carry a similar concept of being at the center of things.