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The Western Regional Off-Track Betting Corp. will buy its Woodlawn betting parlor on Route 5 from its landlord, a move that officials said today commits the agency to that location for the foreseeable future.

"It shows we are establishing our base there," said John T. Feeney, president of WROTB. "We're cooperating with the local government. They want us to stay there."

WROTB will pay local real estate agent Robert Roeller $240,000 for the property, which includes the betting parlor, a bar and two nearby pieces of land that the betting agency will turn into parking lots.

The betting agency had been renting space at $13,460 a year. The branch had been profitable, taking in $1.9 million in bets in 1989, according to betting officials.

But OTB administrators had considered moving somewhere else because of insufficient parking. The agency board unanimously adopted the plan that will pay $135,000 for the betting parlor and restaurant.

OTB will pay another $105,000 for land at 3282 and 3288 Lake Shore Road, also Route 5, to be turned into parking space for the betting parlor.

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