Lao Wangzhuang Village is adjacent to Dapo Village, Ma Zhang Village, Sanguan Village, Liu Wangzhuang Village, Xiaopo Village, Tofu Zhao Village, Tian Lijin Village, Wenjia Village, Xijiajia Village, Wulongtang Village, Zhangping Village, Sunjia Village, Cui Bazhou Village and Kangzhuang Village.
On December 12, 2019, Lao Wangzhuang Village was awarded the honorary title of 2019 Healthy Village of Shandong Province.
Lao Wangzhuang Village is near the Liujing Battle Ruins, Fuzhuang Jun's Tomb, Tienzi's Tomb, Binzhou Hepan Mountain, Binzhou Liquan Temple and other tourist attractions, and has specialties such as Changshan Yam, Zouping Toon, Zouping Sour Plasma Bean Curd, Qingyang Millet, Xidong Bean Curd and other specialties.