Any lot of record created prior to September 1, 2007, which does not comply with the area, density, or dimensional requirements of this chapter shall be deemed to comply with such requirements, and no variance shall be required for its development or for any addition to or other alteration of a structure, provided that the following conditions are satisfied:
(1) The following minimum area and dimensions are maintained, unless smaller dimensions are permitted in the district:
(a) Lot area: 8,000 square feet.
(b) Front setback: not less than 10 feet from the road right-of-way.
(c) Side setback: 20% of lot width but not less than eight feet per side.
(d) Rear setback: 15% of lot depth but not less than 20 feet.
(2) All Health Department regulations are satisfied.
(3) Any residential use of such a nonconforming lot shall be limited to one single-family dwelling. On nonconforming lots of two acres or more, two-family dwellings shall be permitted with site plan approval by the Planning Board. Nonresidential uses of nonconforming lots shall be those permitted in the zoning district in which the lot is located, subject to the applicable review requirements of that district.