By Colleen Chen, NEWS 9

Oklahoma City -- A 43 acre piece of land is now for sale near lower Bricktown. The Producers Cooperative Oil Mill put the prime real estate on the market this week making it the largest single tract of land for sale in the downtown Oklahoma City area.

Gary Gregory with Sperry Van Ness is marketing the property nationwide.

"This is a great spot for retail, corporate headquarters, housing, or conventions. It's rare you get such a huge tract of land at one time in such a great location," Gregory said.

The asking price is $120 million for the piece of land, but Gregory said the owners are open to selling it in sections. The location at 6 S.E. 4th street will be made more attractive by the realignment of Interstate 40. Gregory said that move will give whatever goes at the PCOM site great views from every side.

The new convention center approved by voters in MAPS3 is what Jim Cowan with the Bricktown Association thinks would be a great fit at the Producers Cooperative Oil Mill site.

"It's really a perfect location. It's close to our entertainment district. When you ask convention attendees what they want, they say they want to be able to walk to their hotel and walk to entertainment. A canal extension to the Producers property would not be difficult," Cowan said.

While Cowan would like to see a convention center there, he added that there are a multitude of ideas that would thrive at the location.

The Producers Cooperative Oil Mill has been manufacturing cotton seed products at 6 S.E. 4th Street for over 60 years.

"When the land sells, we expect to reinvest in Oklahoma by expanding our operations here, creating additional jobs, and developing new agricultural markets and efficiencies," PCOM President Gary Conkling said.

PCOM has not commented on how long it may take to move once the land sells.