To find it, you'll need to:
1. Consult a repair manual specific to your 1986 Corvette's engine: This is the most reliable way to pinpoint the sensor's location. A Haynes or Chilton manual will have diagrams and detailed instructions.
2. Visually inspect the engine: Look around the intake manifold and cylinder head for a single-wire sensor (or possibly a two-wire sensor depending on the specific application) with a connector. It's often a relatively small sensor. The sensor will likely be located near the coolant passages.
Without the specific engine type, giving a precise location is impossible. Using a repair manual is strongly recommended to avoid damaging other components.