We present a high-resolution study of the cold molecular gas as traced by CO(1-0) in the unlensed z∼3.4 submillimeter galaxy SMM J13120+4242, using multi-configuration observations with the Karl G. Jansky Very Large Array (JVLA). The gas reservoir, imaged on 0.39" (∼3 kpc) scales, is resolved into two components separated by ∼11 kpc with a total extent of 16 ± 3 kpc. Despite the large spatial extent of the reservoir, the observations show a CO(1-0) FWHM linewidth of only 267 ± 64 km s −1 . We derive a revised line luminosity of L CO(1-0) = (10 ± 3) × 10 10 K km s −1 pc 2 and a molecular gas mass of M gas = (13 ± 3) × 10 10 (α CO /1) M . Despite the presence of a velocity gradient (consistent with previous resolved CO(6-5) imaging), the CO(1-0) imaging shows evidence for significant turbulent motions which are preventing the gas from fully settling into a disk. The system likely represents a merger in an advanced stage. Although the dynamical mass is highly uncertain, we use it to place an upper limit on the CO-to-H 2 mass conversion factor α CO of 1.4. We revisit the SED fitting, finding that this galaxy lies on the very massive end of the main sequence at z=3.4. Based on the low gas fraction, short gas depletion time and evidence for a central AGN, we propose that SMM J13120 is in a rapid transitional phase between a merger-driven starburst and an unobscured quasar. The case of SMM J13120 highlights the how mergers may drive important physical changes in galaxies without pushing them off the main sequence.