The route passes northeast of the historic home Craven Hall and the John Fitch Steamboat Museum after intersecting Newtown Road.

The road has a junction with PA 232 (Second Street Pike) in the community of Southampton before passing over the Newtown Rail Trail and reaching an intersection with Churchville Road/Knowles Avenue.

[3][4] Street Road continues past a mix of residential and commercial development as it comes to an intersection with PA 532 (Bustleton Pike) in the community of Feasterville.

After the PA 532 junction, the road heads past several businesses before turning south-southeast near more suburban development.

PA 132 curves southeast again and crosses Philmont Avenue prior to entering Bensalem Township.

[3][4] A short distance later, the road reaches a partial cloverleaf interchange with US 1 (Lincoln Highway) before turning south.

[16] On January 9, 1960, the PDH awarded a contract worth $1,488,493 to James D. Morrisey, Inc. to upgrade the section of PA 132 between Neshaminy and Warminster to a four-lane divided highway.

[18] In January 1962, a proposal was made to split PA 132 onto separate roadways through Feasterville, with the westbound direction using Irving Place a block north of Street Road.

[21] With the widening shelved, businesses from Feasterville and Southampton along with State Senator Marvin Keller led a push to get the portion of Street Road through the two communities paved, which was in disrepair and saw a lot of accidents.

[23] On August 27, 1965, a 2-mile (3.2 km) stretch of new concrete pavement along PA 132 in Bensalem was completed, with work then to begin on rebuilding the original roadway to make it a divided highway.

[25] The proposed widening of PA 132 in Feasterville drew concerns from residents who feared they would lose their homes.

[29] In May 1971, plans were announced to install a traffic signal at PA 132 and Mechanicsville Road in Bensalem Township, an intersection that saw many accidents.

[30] Plans were discussed in September 1975 to reconstruct PA 132 to handle increasing traffic volumes, with work projected to begin between 1977 and 1980.

[33][34] On May 28, 2007, PA 132 was officially named the Armed Forces and Veterans Memorial Highway in a ceremony held in Warminster, with State Representative Kathy Watson in attendance.

In addition, left-turn lanes were also added at the intersection between PA 132 and the ramp to and from the eastbound Pennsylvania Turnpike.