Nonconforming lot. Any residential lot held in single or separate ownership which, as a result of the adoption of the ordinance from which this article is derived or any subsequent amendment hereto, does not have sufficient area, width or depth shall be deemed, nevertheless, to comply with such minimum lot requirements, and no variance shall be required by the original owner or any subsequent owner to obtain a building permit to construct a single-family dwelling thereon, provided that:
(1) Such lot does not adjoin any other lot or lots held by the same owner at any time subsequent to the adoption of the original zoning ordinance or any amendment to this article increasing required lot dimensions whose aggregate area, width or depth is equal to or greater than the minimum lot area, width or depth required for that district.
(2) The proposed dwelling and/or yard and bulk dimensions comply with all other zoning regulations for the district in which it is located.