To convert the area of the lot from square centimeters (cm²) to square meters (m²), you need to know the conversion factor between the two units.

1 square meter is equal to 10,000 square centimeters. Therefore, to convert square centimeters to square meters, you divide by 10,000:

$1 \text{ m}^2 = 10,000 \text{ cm}^2$

Given the area of the lot is 250,000 cm², the calculation is as follows:

$\text{Area in square meters} = \frac{250,000 \text{ cm}^2}{10,000 \text{ cm}^2/\text{m}^2}$

$\text{Area in square meters} = 25 \text{ m}^2$

Thus, the lot area is $25 \text{ m}^2$.

Would you like more details or have any questions? Here are some related questions you might find helpful:

1. How do you convert other units of area, such as square feet to square meters?
2. What is the formula to convert square inches to square centimeters?
3. Can you explain how to calculate the area of a rectangle?
4. How do you find the area of a triangle?
5. What is the difference between area and perimeter?
6. How can you calculate the area of a circle?
7. What is the significance of knowing the area in different units?
8. How does the conversion factor change for converting between different units of volume?

Tip: Always remember to check your units when converting to ensure accuracy.