I don't think there is anyway for spotlight to do what you would like it to, unless there is a third party plug-in I don't know about. I cannot recall off hand, but in Finder preference I believe there is a setting called "display path" or something like that. When active the path is displayed at the bottom of the Finder window.
Edit: A quick Google search and I found the following: Press Option + Command while hovering over the item and the path will be displayed.
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