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Pros and cons for buying a vacant lot that used to have a house on the property?

I was browsing redfin and saw a vacant lot for sale that used to have a house on the property but it burnt down a few years ago. I like the location and from my understanding, since there used to be a house, there should be a connection for water/power/sewer, right (I guess in theory. Would have to check permits and everything to fully know)? I'm not going to buy this land since I'm still saving up money but it got me curious... If I wasn't in a rush to build, could this be a decent buy? Location is good and there should be a connection for utilities. When I have enough saved up I could slowly build a house then maybe buy a tiny home to add in as an ADU if the city allows it for some extra cash. What are some things I should look out for other than permits?

submitted by /u/stupidlypoopingfear
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source https://www.reddit.com/r/RealEstate/comments/eh2x7r/pros_and_cons_for_buying_a_vacant_lot_that_used/
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