How to create Stand alone Address in OEC ?

Summary

To create addresses that are stand alone ie not related to any account or contact

Content

Dear Team,

Could you clarify the following?

I understand by data model Fusion supports stand alone address (Location) and related address (party sites) and when I create a party site (ie through Account or Contact) the address is filled in both the tables (Location and PArty sites). 

But do we have a way to create an address in Location and then reuse wherever applicable?  Like when I create an Account can I find the existing addresses (from location) and add whichever address is applicable?