Lot of Land had a house burn down in a suburban neighborhood

[Nigel Witherspoon]

Hello, my name is Nigel and I'm currently working my first RE wholesale deal for a lot of land. After doing my due diligence and spending more than enough time researching the property, I received a phone call and the owner of the land told me that the house burned down in the middle of the neighborhood. Does this decrease the value of the land?