Lots held in single and separate ownership. Any lot held in single and separate ownership on the effective date of this Part
1 or after the enactment of subsequent amendments thereto which does not meet the minimum size or width requirements of the zoning district in which it is located may be used for any use permitted in that district, provided that all yard, height and open space requirements are met. Provided that if two or more lots, combination of lots and portions of lots with continuous frontage in single ownership are of record at the time of passage or amendment of this Part
1, and if all or part of the lots do not meet the requirements established for lot width and/or area, the land involved shall be considered to be an undivided parcel for the purpose of this Part
1, and no portion of said parcel shall be used or sold in a manner which diminishes compliance with lot width and/or area requirements established by this Part
1, nor shall any division of any parcel be made which creates a lot with width or area below the requirements stated in this Part
1.