Where a parcel of land, at the time of the adoption of this title, is at least one and eight-tenths (1.8) times as wide and one and eight-tenths (1.8) times as large in area as required for a lot in the zone, the board of adjustment may permit the division of a parcel into two (2) lots, provided:
A. Such division will not cause undue concentration of buildings.
B. The characteristics of the zone in which the lot is located will be maintained.
C. In the opinion of the board of adjustment, values in the area will be safeguarded. (Ord. 6-18-81A, 6-18-1981)